LVMH to Buy Back, Cancel Shares Worth Up to EUR1.5 Billion
01 March 2023 - 7:16PM
Dow Jones News
By Pierre Bertrand
LVMH Moet Hennessy Louis Vuitton SE said Wednesday that it will
buy back a maximum 1.5 billion euros ($1.59 billion) worth of
shares through an investment services provider.
The buyback program starts on Wednesday March 1 and is expected
to end on or before July 20, the company said.
LVMH said that it intends to cancel the repurchased shares.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
March 01, 2023 03:01 ET (08:01 GMT)
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