As per EGM notice MAP will buy back with shareholder consent $1b worth of shares. In addition the sale in their intersts in Brussels and Copenhagen airports.
At current SP the buy back represents some 250m shares. A strong sign for the company and shows a change in direction in Europe in general.
May see a SP decline as the market is manipulated to ensure best price but imo they will approach institutional holders as well. Anybody out there know of any other way they can do this please feel free to add your knowledge.
All the best.
Bacchus
As per EGM notice MAP will buy back with shareholder consent $1b...
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