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Groupe Bruxelles Lambert ( (GB:0IN2) ) has provided an announcement.
Groupe Bruxelles Lambert announced the repurchase of 124,479 of its own shares from January 6 to January 10, 2025, as part of its ongoing share repurchase program. This move is part of a strategic decision to suspend the liquidity contract with an independent financial institution, opting instead for the ‘safe harbor’ arrangement for share repurchases within a €500 million envelope, indicating a focus on enhancing shareholder value.
More about Groupe Bruxelles Lambert
Groep Brussel Lambert (GBL) is a prominent investment holding company with a seventy-year presence in the stock market, boasting a net asset value of €16.3 billion as of September 2024. As a major investor in Europe, GBL is committed to long-term value creation, guided by a stable family shareholder base. The company emphasizes the integration of ESG factors into its investment strategy and aims to expand its portfolio of high-quality listed, private assets, and alternative investments. GBL is listed on Euronext Brussels and is a component of the BEL20 index.
YTD Price Performance: 0.80%
Average Trading Volume: 41,472
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €8.5B
Learn more about 0IN2 stock on TipRanks’ Stock Analysis page.
