Intesa Sanpaolo Launches EUR1.7 Billion Share Buyback
June 27 2022 - 12:58AM
Dow Jones News
By Kim Richters
Intesa Sanpaolo SpA said late Friday that it is launching its
previously approved share-repurchase program with an initial
buyback valued at 1.7 billion euros ($1.79 billion).
The Italian bank said it will buy back shares between July 4 and
the end of October. The buyback is part of a program for up to
EUR3.4 billion approved at the shareholders' meeting in April,
Intesa said.
The bank said it will "defer to a subsequent date, by the time
the results as at 31 December 2022 are approved, the decisions
regarding the execution for the remaining authorized amount."
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
June 27, 2022 01:43 ET (05:43 GMT)
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