Michelin Plans EUR500 Million Share Buyback; Confirms 2020 Goals

Date : 04/04/2019 @ 10:54PM
Source : Dow Jones News

Michelin Plans EUR500 Million Share Buyback; Confirms 2020 Goals

Michelin CGDEB (EU:ML)
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   By Olivia Bugault 
 

Compagnie Generale des Etablissements Michelin (ML.FR) said Thursday that it is planning a 500 million-euro ($560.7 million) share buyback and confirmed its 2020 targets.

Michelin said its share buyback plan is for the 2019-23 period.

During the French tire maker's investor day, Michelin said its 2020 goals--which include financial targets and a competitiveness plan--will be met.

 

Write to Olivia Bugault at olivia.bugault@dowjones.com

 

(END) Dow Jones Newswires

April 04, 2019 10:39 ET (14:39 GMT)

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