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Julius Baer completes share buy-back programme

Published 01/03/2023, 06:15
Updated 01/03/2023, 06:22
© Reuters. FILE PHOTO: The logo of Swiss private bank Julius Baer is seen at their headquarters in Zurich, Switzerland February 2, 2022. REUTERS/Arnd Wiegmann
BAER
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ZURICH (Reuters) - Julius Baer said on Wednesday it has completed the 400 million Swiss franc ($425.35 million) share buy-back program it launched in March 2022.

© Reuters. FILE PHOTO: The logo of Swiss private bank Julius Baer is seen at their headquarters in Zurich, Switzerland February 2, 2022. REUTERS/Arnd Wiegmann

As part of the program, the Swiss bank repurchased almost 8 million shares at an average price per share of CHF 51.29. The cancellation of the bought back shares will be proposed at the upcoming Annual General Meeting, the bank said.

($1 = 0.9404 Swiss francs)

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