OVHcloud Launches 10 Million Euro Share Buyback
Company Announcements

OVHcloud Launches 10 Million Euro Share Buyback

OVH Groupe SAS (FR:OVH) has released an update.

OVHcloud, the European cloud services leader, has initiated a share buyback program, with plans to purchase its own shares up to a total of 10 million euros from July to December 2024. The buyback is intended for the delivery of free shares to employees and to support employee participation in the company’s growth through various savings plans. This initiative is part of OVHcloud’s long-term strategy to control its value chain and promote a sustainable, high-performance Cloud infrastructure.

For further insights into FR:OVH stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks European Auto-Generated NewsdeskOVHcloud Announces Strong Results and Share Buyback
TipRanks European Auto-Generated NewsdeskOVHcloud Lauded as Major Player by IDC MarketScape
TipRanks European Auto-Generated NewsdeskOVHcloud Launches Secure Bare Metal Pod Platform
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App