GBL Advances in Share Buyback Program, Enhances Shareholder Value

Groupe Bruxelles Lambert ( (GB:0IN2) ) has provided an update.

Groupe Bruxelles Lambert (GBL) announced its recent activities in purchasing a total of 180,635 shares between January 13 and January 17, 2025, as part of its ongoing share buyback program. This move underscores GBL’s commitment to optimizing shareholder value through strategic buybacks. As of January 17, 2025, GBL owns 9.6% of its outstanding capital, indicating significant progress in its seventh share buyback program, with 62.8% executed. The company also suspended its liquidity contract with an independent financial institution to focus on the ‘safe harbour’ arrangement for share buybacks worth 500 million euros.

More about Groupe Bruxelles Lambert

Groupe Bruxelles Lambert (GBL) is a prominent investment holding company with a history spanning seventy years on the stock market and a net asset value of €16.3 billion as of September 2024. As a leading investor in Europe, GBL is committed to long-term value creation, supported by a stable family shareholder base. The company emphasizes ESG factors in its investment strategy, aiming to enhance its diverse portfolio of high-quality listed, private assets, and alternative investments. GBL strives to deliver meaningful growth, offering shareholders attractive returns through increased net asset value per share, sustainable dividends, and share buybacks. It is listed on Euronext Brussels and is part of the BEL20 index.

YTD Price Performance: 0.16%

Average Trading Volume: 35,886

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €8.5B

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