Universal Music Group Starts Additional €250M Share Buyback Program
Universal Music Group has launched an additional EUR 250 million share buyback, carried out by a single broker across European trading venues under the EU Market Abuse Regulation. UMG will provide regular updates via press releases and website posts. The plan follows its April doubling of authorization to EUR 1 billion after earlier €499.2 million buybacks and a €674 million adjusted EBITDA.