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
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 27, 2025
1 min readLast updated: January 24, 2026
Endesa 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.
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