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An announcement from OVH Groupe SAS ( (FR:OVH) ) is now available.
OVH Groupe announced a significant reduction in its share capital by cancelling 38,888,889 treasury shares, which represents approximately 20.41% of its share capital. This action, completed on January 29, 2025, is part of a strategic share buyback offer, aiming to optimize its financial structure and potentially improve shareholder value, thereby reinforcing its market position.
More about OVH Groupe SAS
OVHcloud is a leading European cloud provider, operating over 450,000 servers across 43 data centers in 4 continents, serving 1.6 million customers in more than 140 countries. The company focuses on providing a trusted, sustainable cloud solution with a strong performance-price ratio, leveraging its integrated model to maintain full control over its value chain.
YTD Price Performance: -6.50%
Average Trading Volume: 786
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.53B
Learn more about OVH stock on TipRanks’ Stock Analysis page.
