Groupe Bruxelles Lambert ( (GB:0IN2) ) has issued an announcement.
Groupe Bruxelles Lambert (GBL) announced the purchase of 182,635 of its own shares between March 10 and March 14, 2025, as part of a share buyback program executed by an independent financial institution. This move is part of GBL’s strategy to increase its net asset value per share and provide sustainable dividends to its shareholders. As of March 14, 2025, GBL holds 14,514,857 shares, representing 10.5% of its outstanding capital, and has executed 80.2% of its seventh share buyback program. The liquidity contract with an independent financial institution has been suspended indefinitely, following the decision to utilize a ‘safe harbour’ arrangement for share repurchase.
More about Groupe Bruxelles Lambert
Groupe Bruxelles Lambert (GBL) is a prominent investment holding company with a seventy-year history on the stock market and a net asset value of €15.7 billion as of December 2024. As a major investor in Europe, GBL is dedicated to long-term value creation, supported by a stable family shareholder base. The company focuses on building a diversified portfolio of high-quality listed, direct private, and indirect private investments, aiming to deliver meaningful growth and attractive returns for its shareholders. GBL is listed on Euronext Brussels and is part of the BEL20 index.
YTD Price Performance: 2.28%
Average Trading Volume: 42,083
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €8.72B
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