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Schibsted ASA ( (GB:0MHM) ) has issued an update.
Schibsted ASA has initiated the second tranche of its share buyback program, valued at up to NOK 2 billion, as part of its capital return strategy. The program aims to reduce the company’s capital and involves repurchasing up to 11 million A shares and 11 million B shares, with BNP Paribas handling the transactions independently. The buyback is in line with regulatory requirements and is intended to enhance shareholder value.
More about Schibsted ASA
Schibsted ASA is a company involved in the marketplaces industry, focusing on providing online platforms for buying and selling goods and services. The company operates with a strong emphasis on digital marketplaces and has a significant presence in various markets.
YTD Price Performance: -17.36%
Average Trading Volume: 20,681
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK65.44B
Learn more about 0MHM stock on TipRanks’ Stock Analysis page.
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