Altareit SA (FR:AREIT) has released an update.
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Altareit SA has launched a new share buyback program following approval at the June 5, 2024 general meeting, with the aim of enhancing market liquidity, employee participation, and potentially increasing shareholder value through share cancellation or supporting external growth strategies. The company is authorized to repurchase up to 10% of its capital with a maximum investment of 80 million euros, at a unit price not exceeding 1,000 euros per share.
For further insights into FR:AREIT stock, check out TipRanks’ Stock Analysis page.