Eni in talks to sell $3.4bn biofuels stake to KKR

Eni is in talks with private equity group KKR over the sale of a $3.4 billion minority stake in its biofuels subsidiary. The company revealed that KKR has exclusive rights to a potential sale of between 20% and 25% in Enilive. The deal would value the whole business at up to $12.5...