Finance

Enel launches share buyback of up to 1 billion euros ahead of business plan

Published by Global Banking & Finance Review

Posted on February 22, 2026

1 min read

· Last updated: April 2, 2026

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Enel launches share buyback of up to 1 billion euros ahead of business plan
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MILAN, Feb 22 (Reuters) - Italy's biggest utility Enel said on Sunday it would launch a new tranche of a share buyback worth up to 1 billion euros ($1.18 billion). The repurchase programme will run

Enel to Repurchase up to €1 Billion in Shares Before New Three-Year Plan

Buyback Amount and Scope

Buyback Overview and Strategy Timeline

MILAN, Feb 22 (Reuters) - Italy's biggest utility Enel said on Sunday it would launch a new tranche of a share buyback worth up to 1 billion euros ($1.18 billion).

Programme Dates and Deadline

The repurchase programme will run from February 23 to no later than July 31, it said in a statement.

Three-Year Plan Announcement

The state-controlled group will unveil its strategic update for the next three years on Monday.

Currency Conversion Reference

($1 = 0.8489 euros)

Reporting Credit

(Reporting by Francesca Landini)

Key Takeaways

  • Enel will launch a new share buyback of up to €1 billion.
  • The programme runs from Feb 23 through no later than July 31.
  • The state-controlled utility will unveil a three-year strategic update on Monday.
  • Move signals capital return focus ahead of the business plan.
  • Reuters reports the announcement was made in Milan on Feb 22.

References

Frequently Asked Questions

What is the main topic?
Enel announced a new share buyback of up to €1 billion, set to begin Feb 23 and run through July 31, ahead of unveiling its next three-year strategic plan.
When does the buyback take place?
The repurchase programme starts on February 23 and is scheduled to run no later than July 31, according to the company’s statement.
Why is Enel launching the buyback now?
The buyback precedes Enel’s upcoming three-year strategic update, suggesting a focus on shareholder returns and balance sheet optimization ahead of the new plan.

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