CSM, the world’s largest supplier of bakery products, has said it will buy back up to EUR100m (US$136.9m) in shares.
The Netherlands-based firm said the buyback will start on Monday (17 September) and last until the end of the year.
CFO Koos Kramer said: “The strong balance sheet combined with the current stock market developments create an opportunity to engage in a share buy-back programme.”
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