Italy's Enel shareholders approve 3.5 billion euro buyback plan
May 22 (Reuters) - Enel's (ENEI.MI), opens new tab shareholders on Thursday approved a buyback plan and the possibility to cancel acquired shares without reducing its capital, opening the way for Italy's biggest utility to increase its investor reward.
Shareholders granted the board the authorisation to acquire up to 500 million shares and spend up to 3.5 billion euros ($3.95 billion) in the buyback.
($1 = 0.8871 euros)
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