Nordea Unveils €500 Million Buyback in Bid to Boost Payouts
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Nordea Bank Abp announced a new share buyback worth as much as €500 million ($587 million) as it seeks to increase payouts to investors. The program will start on Dec. 18 “or as soon as possible after that date” and its purpose is “to maintain an efficient capital structure and improve shareholder returns,” the lender said in a statementBloomberg Terminal on Tuesday.