Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Eni Partners with KKR on Enilive Stake Sale
Italian energy giant Eni announced on Thursday that KKR, a prominent U.S. investment firm, will acquire a 25% stake in its biofuel division, Enilive, in a transaction valuing the company at €11.75 billion (approximately $12.7 billion) including debt.
KKR’s investment of €2.938 billion will bolster Eni’s financial position while allowing the Italian firm to maintain control over Enilive. This agreement is part of Eni's broader strategy to spin off growth sectors by partnering with co-investors.
The deal includes a €500 million capital increase for Enilive specifically reserved for KKR, alongside the sale of existing shares held by Eni for €2.438 billion. Before finalizing the KKR agreement, Eni plans to infuse an additional €500 million into Enilive to ensure that the business is free of debt.
“This agreement marks a significant step in our strategy for energy transition,” stated Claudio Descalzi, CEO of Eni.
Financial advisory roles were fulfilled by JP Morgan and Mediobanca for Eni, while Deutsche Bank and Unicredit advised KKR. Legal counsel was provided by Kirkland & Ellis and Gianni & Origoni.
This latest transaction follows a similar move in March, where Eni opened its retail and renewables subsidiary, Plenitude, to minority investment from Swiss asset manager Energy Infrastructure Partners.
