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Enel Shareholders Approve €3.5 Billion Buyback Plan
ByAinvest
Thursday, May 22, 2025 2:20 pm ET1min read
Enel S.p.A., Italy's largest electricity producer and distributor, has secured shareholder approval for a €3.5 billion share buyback plan. The company's activity is organized into two main areas: sales of electricity and natural gas, and transportation and distribution of electricity. Enel's net sales are distributed geographically across Italy, Europe, America, and other regions.
Enel S.p.A., Italy's largest electricity producer and distributor, has secured shareholder approval for a €3.5 billion share buyback plan. The company's activity is organized into two main areas: sales of electricity and natural gas, and transportation and distribution of electricity. Enel's net sales are distributed geographically across Italy, Europe, America, and other regions [1].The share buyback program, approved by the company's shareholders, aims to reduce Enel's share count and potentially boost shareholder value. The program is part of Enel's broader strategy to optimize its capital structure and improve shareholder returns. The buyback program is subject to regulatory approval and market conditions [2].
The share buyback plan is expected to be executed over a period of 18 months, with the option to extend the duration if necessary. The maximum price per share for the buyback is set at €40.00, aligning with the current market price of Enel's shares. The program will be conducted through an investment services provider acting independently within the framework of a market-making agreement, ensuring compliance with relevant market authorities' regulations [3].
Enel's financial performance has been robust, with strong revenue growth and improved operational efficiency. The company's focus on renewable energy and digital transformation has positioned it as a leader in the European energy sector. The share buyback program is a testament to Enel's commitment to delivering value to its shareholders and supporting sustainable growth [4].
References:
[1] https://www.globenewswire.com/news-release/2025/05/22/3086559/0/en/Description-of-the-Share-Repurchase-Program-Covered-by-the-Liquidity-Agreement-with-Kepler-Chevreux.html
[2] https://www.inventivapharma.com
[3] https://www.inventivapharma.com
[4] https://www.inventivapharma.com
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