BuybackJun 30, 2026, 12:11 PM
ArcelorMittal Completes First Buyback Tranche, Starts Second for 10M Shares
AI Summary
ArcelorMittal announced the completion of the first tranche of its 2025 to 2030 share buyback program, under which 10 million shares were repurchased at an average price of €49.32 per share. Immediately following this, the company is commencing a second tranche to repurchase up to an additional 10 million shares. The buyback program aims to reduce share capital and fulfill employee share program obligations, with the actual amount of shares repurchased dependent on post-dividend free cash flow and market conditions.
Key Highlights
- ArcelorMittal completed the first tranche of its 2025-2030 share buyback program.
- The first tranche repurchased 10 million shares.
- Average purchase price for the first tranche was €49.32 per share.
- A second tranche for up to 10 million shares will commence immediately.
- The overall program runs from 2025 to May 2030.
- Repurchased shares are intended to reduce share capital and meet employee share program obligations.
- The company's policy is to return a minimum of 50% of post-dividend annual free cash flow.
Price Impact
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