GBL Executes Share Buyback Strategy
Company Announcements

GBL Executes Share Buyback Strategy

Groupe Bruxelles Lambert (GB:0IN2) has released an update.

Groupe Bruxelles Lambert (GBL) acquired 120,914 of its own shares at an average price of €65.59 each, for a total amount of €7,931,043, during the week of August 5-9, 2024. This transaction is part of the company’s share buyback program authorized by the Extraordinary General Meeting held on April 28, 2020. As of August 9, GBL holds 7.7% of its issued capital, amounting to 10,722,649 shares, and has suspended its liquidity contract with an independent financial institution indefinitely.

For further insights into GB:0IN2 stock, check out TipRanks’ Stock Analysis page.

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