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N. Macedonia's Makpetrol buys back 182 own shares

Author Mario Tanev
N. Macedonia's Makpetrol buys back 182 own shares Author: Makpetrol. Licence: All Rights Reserved.

SKOPJE (North Macedonia), November 1 (SeeNews) - North Macedonia's Makpetrol [MSE:MPT] said that it has repurchased 182 of its own shares for an undisclosed sum.

Following the transaction, Makpetrol owns 9,238 own shares, equivalent to an 8.22% stake in the company, the fuel retailer said in a bourse filing earlier this week.

Makpetrol shares traded at an average price of 71,165.98 denars ($1,291/1,158 euro) on Thursday on the stock exchange in Skopje.

In June, Makpetrol launched a share buyback programme targeting up to 10% of the company's capital.

Makpetrol has a network of over a hundred fuel stations across Macedonia. The company also has units in neighbouring Serbia and Greece.

(1 euro = 61.48 denars)