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KBC: share buyback program starts next week
(CercleFinance.com) - As announced when it unveiled its interim results, KBC Group announces that it is about to launch a share buyback program, aiming to distribute excess capital, for which it has received the necessary authorisation from the ECB.
An agent has been appointed to buy KBC shares on behalf of the Belgian bancassurer on the regulated market of NYSE Euronext Brussels, from 14 August 2023 to 31 July 2024, for up to E1.3bn. The shares will be repurchased under the conditions specified in the authorization granted by the General Shareholders' Meeting of 5 May 2022. The program may be suspended at any time if justified by market conditions. Copyright (c) 2023 CercleFinance.com. All rights reserved. |
23/05/2025 17:40
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