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Enel Boosts Investment by 10 Billion Euros
23 Feb
Summary
- Enel plans to increase investments by 10 billion euros.
- The new investment target is set at approximately 53 billion euros.
- A share buyback program worth 1 billion euros was also announced.
Enel, Italy's foremost utility company, has committed to a substantial increase in its capital expenditures. The company revealed on Monday its intention to raise investments by approximately 10 billion euros.
This expansion brings Enel's projected investment total to around 53 billion euros. This significant financial commitment is planned for the upcoming period spanning 2026 through 2028. The utility group made this disclosure during the weekend.
In addition to the investment pledge, Enel also announced a new share buyback program. This initiative is valued at 1 billion euros and is scheduled to be completed by the end of July. The details were shared as part of the company's financial strategy updates.
