Safran SA Advances Major Share Buyback Plan

SAFRAN SA (FR:SAF) has released an update.

Safran SA, a global high-tech group, has initiated the second tranche of its share buyback program, committing to repurchase up to 500 million euros worth of its own shares by December 2024. This follows a previously executed tranche of 250 million euros, as part of a larger 1 billion euro buyback plan aimed at reducing share capital. The buyback price is capped at 300 euros per share, in accordance with shareholder authorization.

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