Novo Nordisk (NVO) has released an update.
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Novo Nordisk A/S, a leader in global healthcare, has been actively executing a share repurchase program, buying back B shares as part of a larger DKK 20 billion repurchase initiative set to span 12 months starting from February 2024. By October 4, 2024, the company had repurchased 12,896,648 B shares at an average price of DKK 879.22 each, amounting to a transaction value of DKK 11,339,024,603. This move reflects Novo Nordisk’s continued investment in its own equity, underscoring the company’s financial strategies and commitment to shareholder value.
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