Hungarian drug maker Richter bought back 1,652 company shares at an average price of HUF 35,948 a share on May 24 on the Budapest Stock Exchange as part of its share buyback program.
Richter held 25,876 treasury shares after the transaction and 36,426 shares on group level, it said on the website of the Budapest Stock Exchange on Wednesday.
Richter gave UniCredit Bank Hungary an order to buy a total of 20,000 treasury shares on May. The shares will be used for Richter’s stock incentive plan.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
