GBL Advances Share Buyback Program with Recent Purchases

An announcement from Groupe Bruxelles Lambert ( (GB:0IN2) ) is now available.

Groupe Bruxelles Lambert (GBL) has announced the purchase of 127,449 of its own shares between 17 February 2025 and 21 February 2025, as part of its ongoing share buyback program. This move is in line with GBL’s strategy to enhance shareholder value through the buyback of shares, which is part of a broader €500 million envelope. The liquidity contract with an independent financial institution has been suspended indefinitely, reflecting the company’s focus on executing its share buyback program.

More about Groupe Bruxelles Lambert

Groupe Bruxelles Lambert (GBL) is a prominent investment holding company with a seventy-year stock market presence and a net asset value of €16.3 billion as of September 2024. As a significant investor in Europe, GBL is committed to long-term value creation, supported by a stable family shareholder base. The company emphasizes ESG factors in its investment strategy and aims to grow its diversified portfolio of high-quality listed and private assets, along with alternative investments. GBL is listed on Euronext Brussels and is part of the BEL20 index.

YTD Price Performance: 3.72%

Average Trading Volume: 43,553

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €8.83B

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