Michelin Initiates a Share Buyback Program
The General Company of Michelin Establishments announced operations as part of a share buyback program according to a statement released on November 13, 2025.
Details of the Transaction
According to Michelin, the company has completed share buyback transactions involving a total volume of 895,142 ordinary shares. The average weighted acquisition price was set at 27.9285 euros per share. The transactions were carried out on November 13, 2025, on an over-the-counter basis.
Participation of Investment Service Providers
The operations were conducted with the involvement of two investment service providers. The transaction involving Natixis involved the purchase of 895,142 shares at the same unit price and in the same currency, as part of the over-the-counter market. Similarly, BNP Paribas also participated in the purchase of 895,142 shares, under the same conditions.
Purpose of the Buyback
The purpose of these buyback operations, as specified in the statement, is the cancellation of the acquired shares. Michelin thus continues its strategy of active capital management by conducting share buybacks to reduce the total number of shares in circulation.
