Eni SPA (E) has released an update.
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Eni S.p.A., an Italian multinational oil and gas company, has reported the purchase of 2,707,999 of its own shares from July 22 to July 26, 2024, amounting to a total expenditure of 38,298,316.25 euros. This acquisition is part of the second tranche of a treasury shares program initiated to provide additional shareholder remuneration beyond dividends. As of now, Eni holds 3.47% of its share capital through treasury shares, indicating a strategic move to manage its capital structure and potentially enhance shareholder value.
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