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Eni S.p.A. Advances Share Buyback Program
Company Announcements

Eni S.p.A. Advances Share Buyback Program

Eni SPA (E) has released an update.

Eni S.p.A. has completed the first tranche of its 2024 treasury shares buyback program, acquiring 2.94% of its share capital, and is set to launch the second tranche, targeting up to 9.8% of shares. This second phase aims to offer shareholders additional remuneration and will involve cancelling the acquired shares without reducing share capital. The buyback program could expand to a total of €3.5 billion, depending on market conditions.

For further insights into E stock, check out TipRanks’ Stock Analysis page.

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