Enel’s top executive has opened his own wallet to support Endesa’s growth plans. Flavio Cattaneo, the CEO of the Italian electricity company owner of 70% of the Spanish firm and who also holds the position of vice president of Endesamade a purchase of shares of its subsidiary worth 3.7 million euros on November 19, just the day that Endesa presented its 2025-2027 Strategic Plan. In this roadmap, the Spanish listed company announced a record deployment of investments of 9.6 billion euros for the period.
According to the records of the National Securities Market Commission (CNMV), Cattaneo carried out multiple stake acquisition transactions. Part of them He did them in his personal capacity.by acquiring 57,351 shares at an average price of 19.83 euros (that is, a disbursement of 1.13 million euros); while the other executed it through Essecieffe investment SRL —a company linked to the CEO of Enel himself— with which he obtained 130,000 securities at a price of 19.86 euros (2.58 million).
Endesa’s share price closed yesterday with an increase of 0.75% and a price of 20.10 euros, so Cattaneo has obtained latent profits of 46,685.1 euros just one day after registering the purchase of the participation.
During the presentation of Enel’s Strategic Plan, made public last Monday, the manager He already commented that he would activate purchases in the Enel subsidiaryalthough without specifying the date.
It is also not the first time that Cattaneo has increased his portfolio of Endesa shares. Last Augustthe Italian manager, who took the reins of Enel in May 2023, carried out three operations with which it invested another 2.68 million eurosso it already accumulates a disbursement in the Spanish company of 6.4 million euros.
Another of Endesa’s senior managers who has taken advantage of the momentum of the Strategic Plan to invest in electricity -although in a more modest way- it is Gonzalo Carbó de Hayageneral director of Endesa’s Nuclear area, who obtained 1,479 titles at a price of 19.83 euros, which is equivalent to a payment of 29,328.57 euros. Carbó de Haya’s profits are also tighter, which have only revalued by 399.33 euros in 24 hours.
In the next three years, Endesa will put 4 billion in network investments on the table, in addition to another 3.7 billion in renewable generation; 900 million in the customer area and the rest in conventional generation.
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