Eni Oil (E.US) accelerates its asset disposal plan, allowing KKR (KKR.US) to opportunistically increase its stake in the mobile unit to 30%.

With Eni (E.US) moving ahead with its plan to sell 8 billion euros ($8.4 billion) of assets by 2027, U.S. investment firm Kkr (KKR.US) has raised its stake in Enilive, the Eni Group unit, to 30%.

Kkr will pay 587.5 million euros for a 5% stake in Eni's mobile unit, valuing the unit at 11.75 billion euros, according to a statement.

Kkr first acquired a 25% stake in the unit in October, a deal that is expected to close next month.

Enilive focuses on smart mobility solutions, including biorefining, biomethane production and car sharing.

Eni Group CEO Claudio Descalzi has a broad asset strategy he calls the "satellite model," which requires spinning off entire units or partnering with outside investors.

Eni sold a 10% stake in its renewable energy unit Plenitude to Energy Infrastructure Partners AG in November, increasing the Swiss infrastructure group's stake to 10%.