Compagnie Générale des Etablissements Michelin disclosed that it repurchased 193,528 of its own ordinary shares on July 30, 2026, at a volume-weighted average price of 33.8168 euros per share, executed over the counter. The transactions were carried out through three investment service providers—NATIXIS, BNP PARIBAS, and SOCIETE GENERALE—each handling the full volume at the same unit price, with the purpose of cancellation. The buyback was conducted outside a liquidity contract as part of the company’s share repurchase program.
Compagnie Generale des Etablissements Michelin SCACompany repurchased shares for cancellation, which is a capital allocation event typically viewed as positive for shareholders.