Enel’s board of directors has approved a latest share repurchase program of up to €1 billion, and authorized the issuance of bonds and new bank financing totaling up to €12 billion, the company announced on February 22, 2026. The moves signal the Italian energy giant’s commitment to both returning value to shareholders and securing funding for future growth initiatives.
The share buyback program, which will run from February 23, 2026, to July 31, 2026, is designed to provide shareholders with additional returns beyond dividend distributions through the cancellation of repurchased shares. The program covers a maximum of 150 million shares, equivalent to approximately 1.48% of Enel’s share capital. This follows a previous buyback program completed on December 16, 2025, where 122,469,633 shares were acquired for roughly €1 billion.
Authorization for Up to €12 Billion in Financing
In addition to the share repurchase, Enel’s board authorized the issuance of bonds and the subscription or renewal of bank financing up to €12 billion by March 31, 2027. This financing, which may be undertaken by Enel itself, Enel Finance International N.V., or Enel Finance America, LLC (with a guarantee from Enel), will be used to refinance maturing debt and to fund the group’s growth and investment initiatives. The company stated that the board has also delegated the necessary powers to the CEO to execute these operations.
