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Endesa SA ( (ES:ELE) ) has provided an announcement.
Endesa, S.A. has announced the implementation of the second tranche of its share repurchase program, with a maximum monetary amount of 500 million euros, aiming to reduce its share capital by amortizing the acquired shares. This move is part of a broader strategy to optimize capital structure, and the majority shareholder, Enel S.p.A., has committed not to participate in the program, ensuring no market disruption during the execution period.
More about Endesa SA
Endesa, S.A. operates in the energy sector, focusing primarily on electricity generation, distribution, and commercialization. The company is a significant player in the Spanish energy market and is majority-owned by Enel S.p.A., which holds 70.10% of its share capital.
YTD Price Performance: 14.40%
Average Trading Volume: 307,806
Technical Sentiment Signal: Strong Sell
Current Market Cap: €24.35B
For a thorough assessment of ELE stock, go to TipRanks’ Stock Analysis page.
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