FDE (Française de l'Energie) gained nearly 5% after the carbon-negative energy producer announced the decision of its Board of Directors to initiate a share buyback program for the next 12 months.

This program will be for a maximum amount of 50 million euros, in accordance with the authorization given by the General Shareholders' Meeting of November 30, 2022, and FDE will not be able to hold more than 10% of its share capital.

'The investments made by the group in its energy activities in recent years have resulted in significant recurring cash flow generation and the strengthening of its balance sheet', it points out.

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