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Groupe Bruxelles Lambert ( (GB:0IN2) ) has provided an update.
Groupe Bruxelles Lambert (GBL) announced the acquisition of 182,635 shares as part of its share buyback program between March 10 and March 14, 2025. This move is part of a broader strategy to enhance shareholder value, with the company holding 10.5% of its issued capital as of March 14, 2025. The liquidity contract has been suspended indefinitely as GBL utilizes the safe harbour regime for market buybacks within a €500 million envelope, indicating a strategic shift in its financial operations.
More about Groupe Bruxelles Lambert
Groupe Bruxelles Lambert (GBL) is a well-established investment holding company with a history of seventy years on the stock exchange and a net asset value of €15.7 billion as of December 2024. As a prominent investor in Europe, GBL focuses on long-term value creation, supported by a stable family shareholder base. The company aims to expand its diversified portfolio of listed, direct private, and indirect private investments, delivering growth through increased net asset value per share, sustainable dividends, and share buybacks. GBL is listed on Euronext Brussels and is part of the BEL20 index.
YTD Price Performance: 2.28%
Average Trading Volume: 42,083
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €8.72B
See more insights into 0IN2 stock on TipRanks’ Stock Analysis page.