Food products Nestlé completes 20 billion share buyback program
Nestlé completed its latest share buyback program on Monday. Since the start of the program in January 2022, the French-speaking Swiss food company has bought back 187.4 million shares on the stock exchange for a total of 20 billion Swiss francs.
23.12.2024, 18:40
SDA
The average price was thus 106.74 francs (closing price Monday: 74.08 francs), according to a statement on Monday evening.
Almost 14 million shares repurchased as part of the program had already been cancelled at the 2022 Annual General Meeting, 80 million at the 2023 Annual General Meeting and 50 million at the 2024 Annual General Meeting. The 2025 Annual General Meeting will therefore still decide on the cancellation of the remaining 43.5 million shares, according to the press release.
