An update from Endesa SA ( (ES:ELE) ) is now available.
Endesa S.A. has announced a share repurchase program approved by its Board of Directors, with a maximum budget of 2,000 million euros, to be executed in tranches until 2027. The first tranche, starting March 28, 2025, aims to support its Flexible Share Compensation Program, while the second tranche, set to begin after April 29, 2025, intends to reduce the company’s share capital by amortizing acquired shares. Enel S.p.A., Endesa’s majority shareholder, will not participate in the repurchase, ensuring no market sale of its shares during the program’s execution.
More about Endesa SA
Endesa S.A. is a prominent company in the energy sector, primarily focusing on electricity generation, distribution, and commercialization. It operates mainly in Spain and Portugal, with a significant market presence and is majority-owned by Enel S.p.A.
YTD Price Performance: 15.15%
Average Trading Volume: 380,234
Technical Sentiment Signal: Sell
Current Market Cap: €24.87B
See more data about ELE stock on TipRanks’ Stock Analysis page.