Slovenia's Krka ups own shareholding to 2.591%

Krka acquired a total of 8,852 own shares for 486,966 euro ($554,048) in the November 22-29 period, the company said in a bourse filing.

Following the transactions, Krka owns 849,628 of its own shares.

On July 28, 2017, Krka launched a share buyback programme, planning to acquire up to 2,720,248 shares over the following 36 months. The maximum pecuniary amount allocated to the programme is 227.8 million euro.

The company may dispose of the treasury shares acquired under the buyback programme in exchange for equity stakes in other companies by pursuing its merger and acquisition strategy, or by selling them to a strategic partner, Krka said at the time.

($ = 0.8789 euro)