Safran SA Initiates Major Share Buyback Program

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

Safran SA has announced the commencement of a share buyback program, with a first tranche involving the repurchase of its own shares for up to 250 million euros, to be completed between July and September 2024. The buyback is part of a larger 1 billion euro program aimed at reducing share capital, authorized by shareholders and to be executed over 2024 and 2025. Safran is a global high-technology group in aeronautics, space, and defense, committed to sustainable and innovative growth.

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