Enel Americas has approved a share repurchase program targeting up to 5% of its outstanding share capital.

The Latin American utility holding announced the move as part of an effort to return cash to investors and optimize its corporate structure.

While the company did not specify the total monetary value of the program in the initial report, the 5% ceiling represents a significant commitment to capital return for the group.

The buyback authorization was confirmed following an extraordinary shareholders meeting.

While the company did not specify the total monetary value of the program in the initial report, the 5% ceiling represents a significant commitment to capital return for the group.

This development aligns with a broader trend among regional companies seeking to deploy excess liquidity.

LATAM Airlines Group recently called an extraordinary shareholders meeting for August 3 to seek approval for its own buyback program, signaling a similar intent to return capital.