VINCI: share purchase agreement update

As part of the implementation of its share buyback programme, VINCI signed a share purchase agreement with an investment services provider on 11 January 2016.

According to the agreement, the investment services provider will sell to VINCI no later than 29 March 2016, up to €150 million worth of VINCI shares at an average price per share determined based on the market prices observed during the entire duration of the agreement, with a guaranteed discount. This price cannot exceed the maximum purchase price of €65 per share set by the VINCI Ordinary and Extraordinary Shareholders' Meeting on 14 April 2015.

Edited from source by Stephanie Roker

Read the article online at: https://www.worldpipelines.com/business-news/12012016/vinci-share-purchase-agreement-update/