Vinci to Propose Share Buyback of Up to EUR2 Billion
15 Marzo 2019 - 06:31PM
Dow Jones News
By Cristina Roca
France's Vinci SA (DG.FR) said Friday that it will propose a 2
billion-euro ($2.26 billion) treasury-share buyback at its next
shareholders' meeting on April 17.
Under the program, the construction and
infrastructure-management company said it could purchase up to 10%
of its total share capital between April 2019 and October 2020.
The maximum purchase price would be EUR120 a share and Vinci
reserves the right to use derivatives when implementing the
program, it said in a regulatory filing after market close.
Write to Cristina Roca at cristina.roca@dowjones.com
(END) Dow Jones Newswires
March 15, 2019 13:16 ET (17:16 GMT)
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