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An update from Groupe Bruxelles Lambert ( (GB:0IN2) ) is now available.
Groupe Bruxelles Lambert (GBL) announced the purchase of 186,562 of its own shares between March 3 and March 7, 2025, as part of its share buyback program. This move, executed through a discretionary mandate by an independent financial institution, reflects GBL’s strategy to enhance shareholder value. The company has executed 77.7% of its seventh share buyback program and has suspended its liquidity contract indefinitely, opting for a ‘safe harbour’ arrangement within a €500 million envelope. This decision underscores GBL’s commitment to delivering meaningful growth and offering attractive returns to its shareholders.
More about Groupe Bruxelles Lambert
Groupe Bruxelles Lambert (GBL) is a prominent investment holding company with a history of over seventy years in the stock market and a net asset value of €16.3 billion as of September 2024. GBL is a leading investor in Europe, focusing on long-term value creation supported by a stable family shareholder base. The company emphasizes ESG factors as integral to value creation and aims to grow its diversified portfolio of high-quality listed and private assets, along with alternative investments. GBL is listed on Euronext Brussels and is part of the BEL20 index.
YTD Price Performance: 6.42%
Average Trading Volume: 45,638
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €9.08B
See more data about 0IN2 stock on TipRanks’ Stock Analysis page.