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An update from Groupe Bruxelles Lambert ( (GB:0IN2) ) is now available.
Groupe Bruxelles Lambert (GBL) announced the purchase of 176,110 own shares through a discretionary mandate within a share repurchase program from February 3 to February 7, 2025. The company has executed 68.7% of its seventh share repurchase program, with 9.9% of its outstanding capital currently held in treasury. The liquidity contract was suspended indefinitely as GBL continues its share repurchase under the ‘safe harbour’ scheme, reflecting its strategic focus on enhancing shareholder value.
More about Groupe Bruxelles Lambert
Groupe Bruxelles Lambert (GBL) is a prominent investment holding company with a significant presence in Europe. It focuses on long-term value creation and is known for its diversified portfolio of high-quality listed and private assets, including alternative investments. The company is committed to ESG factors and aims to provide attractive returns to its shareholders through sustainable dividends and share repurchases. GBL is listed on Euronext Brussels and is part of the BEL20 index.
YTD Price Performance: 1.03%
Average Trading Volume: 40,769
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €8.53B
For a thorough assessment of 0IN2 stock, go to TipRanks’ Stock Analysis page.