Eni SPA (E) has released an update.
Eni S.p.A. has completed the first tranche of its 2024 treasury shares buyback program, acquiring 2.94% of its share capital, and is set to launch the second tranche, targeting up to 9.8% of shares. This second phase aims to offer shareholders additional remuneration and will involve cancelling the acquired shares without reducing share capital. The buyback program could expand to a total of €3.5 billion, depending on market conditions.
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