VEON (VEON) said Wednesday that it launched a new $200 million share buyback program, targeting 72.5 million shares.
The program replaces its previous $100 million annual target and follows the completion of a separate $100 million buyback, it said.
VEON added that it will cancel all repurchased shares. The program includes open-market purchases and direct repurchases from shareholder LetterOne.
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