Skip to content
Subscriber Only

Bouygues to Buy Back EU1.25 Billion in Stock to Boost Yield

Bouygues SA, the French building, television and telecommunications company, plans to buy back 1.25 billion euros ($1.8 billion) in stock to take advantage of declines in its share price to lift earnings per share.

The buyback program, at 30 euros a share, may boost earning per share by about 11 percent if the full amount is repurchased, the Paris-based company said in a statement today. Shareholders will meet Oct. 10 to vote on the proposal.