Enel announces one billion euro share buyback ahead of new business plan
The Italian utility Enel announced a share buyback worth up to one billion euros starting Monday. This move comes just before the group unveils its new strategic plan.
Enel has announced a new tranche of its share buyback programme worth up to 1 billion euros, with the repurchase scheduled to take place from February 23 to no later than July 31. This move reallocates significant capital ahead of the group's strategic update for the next three years. The announcement comes as a key signal to shareholders regarding the company's capital allocation strategy in the immediate lead-up to a major strategic disclosure.
