Stockholm-listed real estate company Fabege has unveiled a share buyback programme to shore up its financial position. The shares acquired may not exceed 10% of the total number of outstanding Fabege shares at any time.
Stockholm-listed real estate company Fabege has unveiled a share buyback programme to shore up its financial position. The shares acquired may not exceed 10% of the total number of outstanding Fabege shares at any time.
Fabege said that the purpose of the buyback programme is to enable the company to 'continuously adapt its capital requirements and thereby improve shareholder value'.
The company's shares are listed in the Large Cap segment of Nasdaq OMX Stockholm.
Fabege manages a real estate portfolio valued at SEK 30 bn (EUR 3.3 bn).
