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On Friday, NORMA Group SE (i.) provided investors with what I consider to be a significant positive news impetus. The company, which is increasingly focusing on high-margin industrial applications to offset cyclical fluctuations in the traditional vehicle business, has announced a new share buyback program. Specifically, the company plans to buy back up to 9.3 million shares at a price of €22.35 each, totaling approximately €208 million. The acceptance period for the offer is set to run from August 17 to September 15. Since the price per share...
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