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.
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.