In 2004 SES Global found itself in the enviable position of having good cash flexibility and the prospect of further significant free cash flows in the years to come, possibly even being debt free by the end of the decade. The company started to investigate the various alternatives for optimising its capital structure. In this article the Vice President and Group Treasurer of SES Global explains the various possibilities that were considered and why a share buyback was eventually chosen and how it was executed.
Treasury Management International showcases topical, pragmatic solutions and strategic insights on treasury, cash management, foreign exchange and other issues affecting treasury and financial professionals, together with treasury and finance news, education and opinion. With real-life treasury management experiences and case studies at its core, TMI provides valuable material for all practitioners - from experienced treasurers and CFOs to those new to the profession.
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