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N. Macedonia's Makpetrol buys back 345 own shares

Author Mario Tanev
N. Macedonia's Makpetrol buys back 345 own shares Author: Makpetrol. Licence: All Rights Reserved.

SKOPJE (North Macedonia), October 10 (SeeNews) - North Macedonia's Makpetrol [MSE:MPT] said that it has repurchased 345 of its own shares for an undisclosed sum.

Following the transaction, Makpetrol owns 8,948 own shares, equivalent to a 7.96% stake in the company, the fuel retailer said in a bourse filing on Wednesday.

Makpetrol shares traded at an average price of 77,148.67 denars ($1,381/1,254 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 = 61.54 denars)