Magnum Ice Cream to buy back shares worth €110 million

Magnum Ice Cream Company N.V. announced plans to repurchase shares worth approximately €110 million, according to a press release. The company intends to fulfill obligations under its long-term incentive plans by executing the acquisition through forward transactions. The shares will be delivered to the company's employee benefit trust, and must comply with EU Market Abuse Regulation and other applicable requirements.

Based in Amsterdam, Magnum operates in 80 markets and employs 19,000 people. The company manages a portfolio of popular ice cream brands including Magnum, Ben & Jerry’s, Cornetto and Heartbrand. Magnum has 32 factories and 13 research and development centers worldwide. Further details about the transactions will be disclosed at a later date. This news article was created with AI assistance and reviewed by an editor.