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The latest announcement is out from Groupe Bruxelles Lambert ( (GB:0IN2) ).
Groupe Bruxelles Lambert (GBL) has been actively engaged in purchasing its own shares between February 10 and February 14, 2025, acquiring a total of 172,813 shares through a buyback program facilitated by an independent financial institution. This move is part of GBL’s broader strategy to leverage the ‘safe harbor’ rule for a significant share buyback plan worth 500 million euros, highlighting the company’s focus on delivering meaningful growth and enhancing shareholder value. By executing 71% of its seventh buyback program, GBL underscores its commitment to increasing its net asset value per share and supporting a sustainable dividend policy, while suspending its liquidity contract indefinitely.
More about Groupe Bruxelles Lambert
Groupe Bruxelles Lambert (GBL) is a prominent investment holding company with a long-standing stock market presence of seventy years and a net asset value of €16.3 billion as of September 2024. As a major player in Europe’s investment landscape, GBL is focused on long-term value creation supported by a stable family shareholder base. The company is committed to responsible investing, integrating ESG factors into its strategy, and aims to expand 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: 4.52%
Average Trading Volume: 43,829
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €8.84B
See more insights into 0IN2 stock on TipRanks’ Stock Analysis page.
