Vinci to Buy Back Up to EUR200 Million of Its Shares From Investment Firm
Provided by
Dow Jones
By David Sachs
Vinci agreed to buy up to 200 million euros ($215.8 million) of its shares through an investment services provider as part of its share buyback program.
The agreement, which mandates the investment firm buy the shares on Vinci's behalf, is valid from Aug. 5 to Sept. 6, the French construction company said Friday after European markets closed.
The purchase price cannot exceed EUR150 per share, as laid out in the shareholders' meeting on April 9, Vinci said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
August 02, 2024 12:25 ET (16:25 GMT)
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