Kardasilaris-Cardico has revealed its plans to launch a share buyback scheme. The Greek nut and dried fruit producer hopes to repurchase 10% of its shares over the course of the next year, with the aim of carrying out a capital increase operation and transferring its stock to the Main Market of the Athens Stock Exchange.
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The plan was finalised yesterday, at the company’s general shareholders meeting.
For the fiscal year in progress, Cardico expects to post consolidated sales of between €132.1m and €146.7m. This represents an increase of at least 50% on the €88m recorded in 2000.
