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Eni S.p.A. Kicks Off New Share Buyback Program
Company Announcements

Eni S.p.A. Kicks Off New Share Buyback Program

Eni SPA (E) has released an update.

Eni S.p.A. has announced the initiation of a new share buyback program, immediately launching the first tranche which targets the repurchase of up to 6.4 million shares for the company’s 2024-2026 Employee Stock Ownership Plan, with a maximum spend of €150 million. The total buyback program, to be completed by April 2025, is set at €1.6 billion, with the potential to increase to €3.5 billion under favorable conditions. Transactions will be conducted through an authorized agent on the Euronext Milan and will be transparently reported in compliance with legal and regulatory frameworks.

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

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