ANSTERDAM – Paint and wood coatings specialist AkzoNobel announced this week it has begun a share buyback program involving common shares valued at up to 300 million euro.
First announced on Oct. 21, the share buyback completion is expected sometime during the first half of 2021.
The company said it has engaged a third party to manage the process and perform transactions on its behalf. Shares will be canceled following the repurchase.
The company said it will provide weekly updates on the process and also will communicate other updates, which can be seen by clicking here.