{"id":811304,"date":"2024-12-09T20:59:31","date_gmt":"2024-12-10T02:59:31","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/09\/ares-banks-to-fund-kkrs-buyout-of-minority-stake-in-eni-unit\/"},"modified":"2024-12-09T20:59:31","modified_gmt":"2024-12-10T02:59:31","slug":"ares-banks-to-fund-kkrs-buyout-of-minority-stake-in-eni-unit","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/09\/ares-banks-to-fund-kkrs-buyout-of-minority-stake-in-eni-unit\/","title":{"rendered":"Ares, Banks to Fund KKR\u2019s Buyout of Minority Stake in Eni Unit"},"content":{"rendered":"
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Ares Management Corp. and a group of banks is funding KKR & Co.\u2019s buyout of a minority stake in Italy\u2019s Enilive.<\/p>\n

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Author of the article:<\/p>\n

\"Bloomberg<\/p>\n

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Bloomberg News<\/p>\n

Giulia Morpurgo<\/p>\n<\/div>\n<\/div>\n

Published Oct 25, 2024<\/span> \u00a0\u2022\u00a0 1 minute read<\/span><\/p>\n<\/div>\n<\/div>\n

\"The<\/picture>
The ENI SpA logo sits on the company’s headquarters in Rome, Italy, on Friday, April 24, 2020. Photographer: Alessia Pierdomenico\/Bloomberg<\/span> Photo by Alessia Pierdomenico<\/span> \/Bloomberg<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n
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(Bloomberg) \u2014 Ares Management Corp. and a group of banks is funding KKR & Co.\u2019s buyout of a minority stake in Italy\u2019s Enilive.<\/p>\n<\/section>\n

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Article content<\/p>\n<\/section>\n

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Article content<\/p>\n

KKR will use around \u20ac1.5 billion ($1.6 billion) of debt, of which Ares is to provide \u20ac700 million in infrastructure financing, with the banks underwriting the rest, said a person with knowledge of the matter. The lenders include both international and Italian banks, the person said, on the condition of anonymity.<\/p>\n<\/section>\n

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\"Financial<\/p>\n

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