Published by Global Banking & Finance Review®
Posted on May 22, 2025
2 min readLast updated: January 23, 2026
Add as preferred source on GoogleEnel shareholders approved a €3.5 billion buyback plan to enhance investor rewards, potentially boosting stock value. The board will decide on the execution details.
(Reuters) -Italy's biggest utility Enel's shareholders on Thursday approved a buyback plan and the possibility to cancel acquired shares without reducing its capital, opening the way for Italy's biggest utility to increase its investor reward.
Shareholders granted the board the authorisation to acquire up to 500 million shares and spend up to 3.5 billion euros ($3.95 billion) in the buyback.
It now depends on Enel's board to decide when to launch the purchases and how much money to devote to the first tranche of the programme.
Some financial analysts have indicated the state-controlled utility could spend around 1 billion euros for the buyback in the first tranche, in a move aimed at increasing the value of the stock.
European oil and gas groups — including Shell, TotalEnergies and Italian major Eni — introduced share buyback programmes years ago in an effort to attract investors.
The group's Spanish unit, Endesa, has recently announced a total share buyback programme worth up to 2 billion euros by the end of 2027, of which a 500 million euro tranche was launched at the end of April.
($1 = 0.8871 euros)
(Reporting by Francesca Landini and Devika Nair in Bengaluru; Editing by Alan Barona)
Enel's shareholders approved a buyback plan allowing the acquisition of up to 500 million shares and spending up to €3.5 billion.
Financial analysts suggest that Enel could spend around €1 billion for the buyback in the first tranche.
The buyback program aims to increase the value of Enel's stock, similar to initiatives by other European oil and gas groups.
The plan allows Enel to cancel acquired shares without reducing its capital, enhancing shareholder value.
European oil and gas groups, including Shell, TotalEnergies, and Eni, have introduced share buyback programs to attract investors.
Explore more articles in the Finance category
