Eni (E) Announces Ambitious Share Repurchase Program for 2024

Eni SPA (E) has announced the finalization of its expansive share repurchase program for 2024, setting aside a substantial €1.6 billion ($1.7 billion) with a potential expansion of up to €3.5 billion ($3.8 billion). The initiative is planned to be completed by April 2025, illustrating Eni's commitment to enhancing shareholder value. As part of the initial phase of the buyback, Eni will acquire up to 6.4 million of its shares, representing 0.2% of its share capital. This first tranche, valued at a maximum of ...