Repsol ( (ES:REP) ) has shared an update.
Repsol’s Board of Directors has approved a proposal to reduce the company’s capital by canceling shares acquired through a newly launched share buyback program. This program, set to begin on March 5, 2025, aims to acquire up to 50 million shares with a maximum investment of 300 million euros, potentially impacting the company’s share capital by up to 2.24%. The move is part of Repsol’s strategy to manage its capital structure and enhance shareholder value.
More about Repsol
Repsol is a global energy company primarily involved in the oil and gas industry. It focuses on the exploration, production, refining, and marketing of oil and natural gas, as well as the development of renewable energy solutions.
YTD Price Performance: 8.06%
Average Trading Volume: 743,559
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €14.11B
See more insights into REP stock on TipRanks’ Stock Analysis page.