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Endesa SA ( (ES:ELE) ) has provided an update.
Endesa S.A. has announced the implementation of the Third Tranche of its Share Buyback Framework Programme, authorized by its General Shareholders’ Meeting. This tranche, valued at up to €500 million, aims to reduce the company’s share capital by acquiring and subsequently canceling its own shares, subject to shareholder approval. The buyback will be conducted on the Spanish Stock Exchange and other trading facilities, with purchases made at market price. Enel S.p.A., Endesa’s majority shareholder, will not participate in this programme, ensuring a focused execution of the buyback strategy.
More about Endesa SA
Endesa S.A. is a prominent energy company based in Spain, primarily engaged in the generation, distribution, and sale of electricity. It operates within the European energy market, focusing on providing sustainable energy solutions and maintaining a significant presence in the Spanish electricity sector.
For an in-depth examination of ELE stock, go to TipRanks’ Overview page.