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AkzoNobel has repurchased 178,000 of its own ordinary shares in the period from January 2, 2017 up to and including January 6, 2017, at an average price of €59.92 per share. The consideration of the repurchase was €10.67 million.
This is the first repurchase under a program announced on December 12, 2016.
The purpose of the program is to neutralize the dilutive effect of stock dividends paid in 2016.
For more information, visit our share buyback overview page.