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ENI S.p.A. ( (IT:ENI) ) has issued an announcement.
ENI S.p.A. has announced the purchase of 3,646,027 of its own shares on Euronext Milan, representing 0.11% of its share capital, for a total of 49,999,849.55 euros. This transaction is part of the second tranche of a buyback program initiated to offer additional remuneration to shareholders beyond dividend distributions. Since the start of this tranche, ENI has acquired approximately 4% of its share capital, which signifies a strategic move to consolidate shareholder value and enhance equity structure.
More about ENI S.p.A.
ENI S.p.A. operates in the energy sector, focusing on oil and gas exploration, production, refining, and marketing. It also engages in power generation and renewable energy, striving to provide efficient and sustainable energy solutions globally.
YTD Price Performance: 7.43%
Average Trading Volume: 1,381,993
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €44.18B
Learn more about ENI stock on TipRanks’ Stock Analysis page.
