The latest announcement is out from ArcelorMittal ( (NL:MT) ).
ArcelorMittal has announced a new share buyback program running from 2025 to 2030, following the completion of its previous 85 million shares buyback. The program will be executed in tranches, with the first tranche involving up to 10 million shares. The buyback aims to reduce share capital and fulfill obligations related to employee share programs and equity securities. The actual repurchase volume will depend on post-dividend free cash flow, shareholder authorization, and market conditions.
More about ArcelorMittal
ArcelorMittal is a leading integrated steel and mining company with operations in 60 countries and primary steelmaking facilities in 15 countries. It is the largest steel producer in Europe and among the largest in the Americas, with a growing presence in Asia through its joint venture AM/NS India. The company serves diverse industries such as automotive, engineering, construction, and machinery, and focuses on producing innovative, energy-efficient, and low-carbon steels.
YTD Price Performance: 5.25%
Average Trading Volume: 421,945
Technical Sentiment Signal: Buy
Current Market Cap: €18.69B
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