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Valeo: nearly 2.2 million shares bought back

( - Under the terms of the contract signed on March 11 with an investment services provider (ISP), automotive supplier Valeo reports that on May 13 it acquired 2,175,683 of its own shares at an average price of nearly 11.
50 euros.

The Group recalls that it sought the assistance of an ISP for the purposes of achieving certain objectives of its share buyback program as authorized by the General Shareholders' Meeting of May 24, 2023.

These shares are earmarked to cover the implementation of any free share and performance share plans, the allocation of shares to employees or any company savings plan, and more generally any allocation of shares within the Group.

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