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N. Macedonia's Makpetrol buys back own shares

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

SKOPJE (North Macedonia), March 25 (SeeNews) - North Macedonia's fuel retailer Makpetrol [MSE:MPT] said that it has repurchased 33 of its own shares for an undisclosed sum.

Following the transaction, Makpetrol owns 10,998 of its own shares, representing a 9.79% stake in the company's capital, the company said in a bourse filing on Tuesday.

Its shares traded at an average price of 50,152 denars ($879/812 euro) on Tuesday on the stock exchange in Skopje.

In June 2019, Makpetrol launched a 200 million denars share buyback programme targeting up to 10% of its capital.

Makpetrol has a network of over 100 fuel stations across North Macedonia. The company also has units in neighbouring Serbia and Greece.

(1 euro = 61.7533 denars)