Atrium European Real Estate is set to return up to €124m (£113m) to shareholders through a new share buyback programme.
The Vienna-listed investment firm, which focuses on retail properties in Central Europe, said it will buy back up to 25m shares, or 7% of its issued share capital, over roughly four months until the end of July.
Atrium’s portfolio currently comprises 26 properties in Poland, the Czech Republic, Slovakia and Russia, with a market value of €2.6bn.
The company’s profit rose by almost 40% year-on-year in 2019, to €84.4m.
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