Stellantis N.V. has recently authorized the second tranche of its Share Buyback Program
Stellantis N.V. has recently made an announcement regarding the authorization for the second tranche of its Share Buyback Program. The program, which was initially revealed on February 22, 2023, is aimed at repurchasing common shares in the open market.
Stellantis has signed a share buyback agreement for the second tranche of its Share Buyback Program with an independent investment firm. This agreement authorizes the company to repurchase a maximum amount of up to €500 million worth of common shares. The program is set to commence on June 7, 2023, and will conclude no later than September 7, 2023. As per the agreement, the common shares acquired through the program will be canceled in due course.
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