Alstom said the programme would concern as many as 91.5 million shares or 29.5 percent of its shareholder capital, at 35 euros a share.

Shares in Alstom closed up 4.12 percent at 30.99 euros before the announcement was made.

The company said the buy-back would be submitted for approval at a shareholder meeting on Dec.18.

French industrial conglomerate Bouygues would take part in the share buy-back programme and keep its stake unchanged at 29.2 percent, Alstom said.

Alstom completed a 12.35 billion euro sale of its energy business to U.S. General Electric on Monday, helping it refocus on its transport business.

(Reporting by Astrid Wendlandt; Editing by Matthias Blamont)

Stocks treated in this article : Alstom, BOUYGUES, General Electric Company
Valeurs citées dans l'article : Alstom, BOUYGUES, General Electric Company, MADE, ELECTRIC