OVH Groupe SAS (FR:OVH) has released an update.
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OVHcloud, the European cloud services leader, has initiated a share buyback program, with plans to purchase its own shares up to a total of 10 million euros from July to December 2024. The buyback is intended for the delivery of free shares to employees and to support employee participation in the company’s growth through various savings plans. This initiative is part of OVHcloud’s long-term strategy to control its value chain and promote a sustainable, high-performance Cloud infrastructure.
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