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Alzchem Group to Kick off EUR20 Million Share Buyback Plan

MT Newswires·11/02/2026 06:46:43
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06:46 AM EST, 11/02/2026 (MT Newswires) -- Alzchem Group (ACT.F, ACT1.VI) will launch a 20 million-euro stock repurchase program on Tuesday, the specialty chemicals company said Monday. Under the program, the company will repurchase up to 125,000 no-par-value shares during a 12-month period. The repurchased shares will be used as acquisition currency and for issuance to employees. The program will also be used to reduce the company's share capital by canceling the repurchased shares.