Switzerland's ALSO Group announces €100m share buyback program

The group’s CEO claims the share is currently undervalued

Kelsey Rees
clock • 1 min read
Switzerland's ALSO Group announces €100m share buyback program

Swiss distributor ALSO Group has announced a new share buyback program worth €100m. The program will be carried out at market prices on the first trading line as of August 10, 2022, the company said in an ad hoc announcement.  Its volume of up to €100m represents approximately five per cent of market capitalisation at the current share price.  ALSO said the repurchased shares will be used for treasury purposes including the financing of potential acquisitions, increasing liquidity, a...

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