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Unibail-Rodamco to establish €750M share repurchase program

Unibail-Rodamco SE will set up a share buyback program for up to €750 million of shares, with the board being given the authorization to establish the repurchase after the company's annual general meeting held April 25.

The course of the repurchase program will run up until Oct. 10 and will be carried out in accordance with regulations set by the European Union and the French Financial Markets Authority, according to a release.

The repurchased shares will be canceled accordingly, based on the French commercial code.