TOKYO, May 14 (Pulse News Wire) – <p>Orion Breweries has authorised a share repurchase programme capped at 550 Million Yen (1% of issued shares excluding treasury).</p><p>Acquisitions will be conducted via off-auction block buys via ToSTNeT-3, on-market purchases on the Tokyo Stock Exchange and discretionary-mandate purchases through a trust.</p><p>Orion Breweries cited improving capital efficiency as the rationale for the action.</p>
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