Evolution jumps on 2 billion-euro share buyback

Evolution AB (publ)

19/05/2026 08:12

** Evolution EVOG.ST shares rise more than 10% after the Swedish online casino provider launched a share buyback programme of 2-billion euros ($2.3 billion)

** "This initiative represents one of the largest buyback programs in Sweden's history and is significant in relation to a market capitalization of EUR 12.1 billion, constituting approximately 16.5%," says Kepler Cheuvreux

** The company also entered into a 300 million euros senior unsecured revolving credit facility

** The shares are on top of the STOXX 600 .STOXX and on track for their best day since October 2024, if gains hold

($1 = 0.8588 euros)

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))