Vinci Agrees to Buy Back Up to $650 Million in Shares
Provided by
Dow Jones
By Nina Kienle
Vinci agreed to buy up to 600 million euros ($649.7 million) of its shares from an investment services provider as part of its share buyback program, it said.
The average price per share is based on market prices during the duration of the agreement with a guaranteed discount and can't exceed the maximum purchase price set by the Vinci shareholders' meeting, the French construction company said late Wednesday
The shares will be sold no later than June 26, Vinci said.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
March 28, 2024 02:37 ET (06:37 GMT)
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