on COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN (isin : FR001400AJ45)
Michelin Conducts Share Buyback on May 14th, 2026
On May 14th, 2026, Michelin, the renowned tire manufacturer, executed a repurchase of its own ordinary shares. The transaction involved buying back 214,275 shares at a weighted average price of 30.5425 euros each. This repurchase was carried out over-the-counter, indicating it did not occur on a formal exchange.
Three financial institutions, namely Natixis, BNP Paribas, and Société Générale, facilitated the transactions. Each institution processed an identical quantity of shares under the same conditions. The ISIN code associated with these shares is FR001400AJ45, ensuring transparency and traceability in international markets.
The repurchase aligns with Michelin's strategic objective of canceling the acquired shares to potentially enhance shareholder value.
R. E.
Copyright © 2026 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN news