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General

Vivendi starts share buyback programme

Tuesday 18 June 2019 | 11:14 CET | News
approved by its shareholders at the company's AGM in April, saying that it will continue as planned until 25 July. The management board had submitted resolutions on possible share buybacks and a public share buyback offer (OPRA), at a maximum price of EUR 25 per share. The AGM's decision authorises the company to make capital reductions, up to a maximum of 25 percent of the share capital, by canceling any shares it acquires. Industry commentators have highlighted that this move could be laying a path for the Bollore family to secure greater control over the French media conglomerate.

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Categories: General
Companies: Vivendi
Countries: World
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