UCB completes balance-sheet repositioning, boosts buyback authorization
UCB completed a major balance-sheet repositioning and sold Navitas, redeploying proceeds into higher-yielding assets to reduce interest-rate risk and improve earnings. It increased share repurchase authorization and reiterated focus on organic growth and strategic acquisitions.
UCB said it completed a major balance-sheet repositioning and the sale of Navitas, redeploying the proceeds into higher-yielding assets to reduce interest-rate risk and improve earnings. It also increased its share repurchase authorization and said it remains focused on organic growth and strategic acquisitions.