ALSO Holding AG (ALSN.SW), a water and wastewater utility company, on Tuesday announced the launch of a share buyback program of up to 120 million euros, with the repurchase scheduled to begin on March 12.
The program represents approximately 5% of the company's market capitalization, based on the current share price.
The company said that the repurchased shares are intended to finance potential acquisitions, enhance liquidity, and support long-term, performance-based compensation programs.
The company said its forward-looking business model, strong leadership and consistent cash flow management underpin its continued sustainable growth.
ALSO Holding AG closed trading, 0.37% lesser at CHF 163.20 on the Swiss Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.