Ares Banks Set to Finance KKR's Purchase of Minority Stake in Eni's Unit

In a strategic move that underscores the growing interest in energy and infrastructure investments, Ares Management Corporation has agreed to provide financial backing for KKR's (Kohlberg Kravis Roberts & Co.) acquisition of a minority stake in a subsidiary of Eni SpA, the Italian multinational oil and gas company. This transaction, valued at an estimated $800 million, reflects a robust appetite among private equity firms for energy assets, particularly those aligned with the transition to cleaner energy.

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