Finance
Spain's Endesa Announces $2.15 Billion Share Buyback
Published by Global Banking & Finance Review®
Posted on March 27, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleGlobal Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 27, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleEndesa will buy back shares worth $2.15 billion, excluding Enel's participation. The initiative starts with a 17.3 million euro tranche, aligning with other Spanish energy firms' strategies.
(Reuters) - Spanish power utility Endesa plans to buy back shares worth up to 2 billion euros ($2.15 billion) as part of a multi-year plan to return value to shareholders, it said.
Endesa said its parent company, Italy's Enel, which controls about 70% of its shares, will not participate in the buyback programme and will not sell shares during the timeframe.
The company said it will start buying the outstanding shares on Friday, with a first tranche worth 17.3 million euros.
Endesa follows other Spanish energy companies such as Repsol and Naturgy, who have also recently announced large buyback programmes.
($1 = 0.9287 euros)
(Reporting by Javi West Larrañaga in Gdansk; editing by Inti Landauro and Jan Harvey)
Endesa plans to buy back shares worth up to 2 billion euros, equivalent to $2.15 billion.
No, Enel, which controls about 70% of Endesa's shares, will not participate in the buyback programme.
Endesa will start buying the outstanding shares on Friday, beginning with a first tranche worth 17.3 million euros.
Endesa follows other Spanish energy companies such as Repsol and Naturgy, who have also recently announced large buyback programmes.
Explore more articles in the Finance category
