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Eni SPA ( (E) ) just unveiled an announcement.
Eni S.p.A. announced the purchase of 3,914,579 treasury shares, representing 0.12% of its share capital, at an average price of €12.7728 per share, totaling approximately €49.999 million. This acquisition, part of the second tranche of its share buyback program, aims to provide additional shareholder remuneration. Since the program’s inception, Eni has acquired a total of 109,609,796 shares, amounting to 3.34% of its share capital. The strategic buyback is intended to strengthen shareholder value and reflects Eni’s commitment to optimizing capital allocation.
More about Eni SPA
Eni S.p.A. operates in the energy sector, specializing in the exploration, production, and refinement of oil and natural gas. The company is focused on sustainable energy solutions and has a significant presence in global markets.
YTD Price Performance: 0.0%
Average Trading Volume: 275,883
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $43.97B
See more data about E stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
