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An announcement from Groupe Bruxelles Lambert ( (GB:0IN2) ) is now available.
Groupe Bruxelles Lambert (GBL) has announced the purchase of 55,155 own shares from December 30, 2024, to January 3, 2025, under a discretionary buyback program managed by an independent financial institution. This activity is part of its ongoing seventh share buyback program, which has reached 58.8% completion. The company also reported owning 9.3% of its outstanding capital as of January 3, 2025. The decision to utilize ‘safe harbour’ regulations for market buybacks has led to the indefinite suspension of its liquidity contract with an independent financial institution. These strategic moves indicate GBL’s focus on enhancing shareholder value and optimizing its capital structure.
More about Groupe Bruxelles Lambert
Groupe Bruxelles Lambert (GBL) is a well-established investment holding company with a seventy-year stock market presence, boasting a net asset value of €16.3 billion as of September 2024. As a prominent investor in Europe, GBL is dedicated to long-term value creation, supported by a stable family shareholder base. The company emphasizes responsible investment practices, integrating ESG factors into its strategy to drive value. GBL aims to enhance its portfolio of high-quality listed, private, and alternative assets while providing shareholders with attractive returns through net asset value growth, sustainable dividends, and share buybacks. GBL is listed on Euronext Brussels and is part of the BEL20 index.
YTD Price Performance: -0.12%
Average Trading Volume: 46,577
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €8.44B
Find detailed analytics on 0IN2 stock on TipRanks’ Stock Analysis page.
