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    KBCA   BE0003867844

KBC ANCORA SA

(KBCA)
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Real-time Euronext Bruxelles  -  05/25 11:35:10 am EDT
42.48 EUR   +1.43%
05/23Belgian Bank KBC Ancora To Begin $53 Million Share Buyback In June
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05/20KBC Ancora announces the start of a 50 million euro share repurchase program on 10 June 2022
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05/20KBC Ancora announces the start of a 50 million euro share repurchase program on 10 June 2022
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Activist investor Ancora urges Berry Global to consider options including sale

11/29/2021 | 07:14am EDT

Nov 29 (Reuters) - Activist investor Ancora Holdings Group LLC in a letter to Berry Global Group Inc on Monday urged the plastic maker's board to initiate a review of strategic alternatives, including a sale or go-private transaction.

Ancora, which owns about a 1% stake in Berry, said it believes the company could fetch a valuation of $100 per share or more through a sale.

Shares of Berry rose 1.4% to $67.40 in premarket trade. They have risen about 18% this year.

The investor also asked the board to raise its repurchase authorization to $1 billion, up from $50 million Berry authorized last week.

Last year, Canyon Capital Advisors LLC also called on the company to sell some of its non-core assets to help cut its debt. (Reporting by Ruhi Soni in Bengaluru;Editing by Shinjini Ganguli)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BERRY CORPORATION 2.90% 11.35 Delayed Quote.34.80%
BERRY GLOBAL GROUP, INC. 0.67% 56.94 Delayed Quote.-22.82%
KBC ANCORA SA 1.43% 42.48 Real-time Quote.1.05%
All news about KBC ANCORA SA
05/23Belgian Bank KBC Ancora To Begin $53 Million Share Buyback In June
MT
05/20KBC Ancora announces the start of a 50 million euro share repurchase program on 10 June..
GL
05/20KBC Ancora announces the start of a 50 million euro share repurchase program on 10 June..
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05/20KBC Ancora distributes an interim dividend of EUR 6.49 per share on 9 June 2022
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05/20KBC Ancora distributes an interim dividend of EUR 6.49 per share on 9 June 2022
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05/20KBC Ancora Announces Interim Dividend, Payable on June 9, 2022
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03/01KBC ANCORA SA : Crossing thresholds
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02/11KBC Ancora SCA Proposes Final Dividend for the Financial Year 2021, Payable in May 2022
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02/01KBC ANCORA SA : Crossing thresholds
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01/28Interim Financial Report 2021/2022
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Financials
Sales 2021 - - -
Net income 2021 530 M 566 M 566 M
Net Debt 2021 279 M 298 M 298 M
P/E ratio 2021 5,32x
Yield 2021 0,56%
Capitalization 3 326 M 3 552 M 3 552 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 47,3%
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Managers and Directors
Franky C. Depickere Co-Managing Director & Executive Director
Katelijn Callewaert Co-Managing Director & Executive Director
Marc de Ceuster Chairman
Christiane Steegmans Independent Director
Philippe Vanclooster Independent Director
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