(CercleFinance.com) – BNP Paribas announces the launch of the second tranche of 2.5 billion euros of its share buyback program. The redemption period will run from August 7 to December 8 at the latest, the shares acquired within this framework having to be cancelled.
The authorization of the European Central Bank has been obtained and a contract has been concluded with an investment services provider acting independently, charged by an irrevocable instruction for the redemption of the shares.
The first tranche of share buybacks, again amounting to 2.5 billion euros, which began on April 3, was fully completed on August 3. Over this period, 43,882,757 shares, or 3.6% of the banking group’s share capital, were purchased with a view to their cancellation.
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