Novo Nordisk Embarks on Major Share Buyback

Novo Nordisk (NVO) has released an update.

Novo Nordisk, a global healthcare leader, has actively engaged in a share repurchase program, with plans to buy back shares worth up to DKK 20 billion over a 12-month period starting from February 2024. As part of this initiative, the company has commenced a specific repurchase tranche from August to November 2024, targeting up to DKK 2.4 billion in B shares. This move is indicative of Novo Nordisk’s ongoing efforts to optimize shareholder value and reflects the company’s robust financial strategy.

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