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Novartis launches new share buyback for up to 10% of its stock
2023.03.13 02:36
© Reuters. FILE PHOTO: The logo of Swiss drugmaker Novartis is pictured at the French company’s headquarters in Rueil-Malmaison near Paris, France, April 22, 2020. REUTERS/Charles Platiau/
ZURICH (Reuters) – Novartis has launched a new share buyback programme to purchase up to 10% of the pharma company’s own shares over the next three years.
The Swiss company said it will spend up to 10 billion Swiss francs ($10.91 billion) over the period from its last Annual General Meeting, which took place on March 7, up to the AGM in 2026.
($1 = 0.9162 Swiss francs)
