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VEF AB ( (SE:VEFAB) ) just unveiled an update.
VEF AB has repurchased a total of 11,170,000 ordinary shares between May 12 and May 16, 2025, as part of a share buyback program approved by the Annual General Meeting. This program allows for the repurchase of up to 10 percent of VEF’s outstanding shares. The buybacks were executed on Nasdaq Stockholm by Carnegie Investment Bank AB, and as of now, VEF holds 15,782,000 repurchased shares. This strategic move is likely to impact the company’s market positioning by potentially increasing shareholder value and optimizing capital structure.
More about VEF AB
VEF AB is an investment company based in Sweden, focusing on growth-stage private fintech companies. It takes minority stakes and actively participates in its portfolio companies, particularly in emerging markets. The company invests across various financial services sectors, including payments, credit, mobile money, and wealth advisory services. VEF is listed on Nasdaq Stockholm’s Main Market under the ticker VEFAB.
Average Trading Volume: 2,786,544
Current Market Cap: SEK2.03B
See more insights into VEFAB stock on TipRanks’ Stock Analysis page.