NEDLLOYD BUYS BACK 5% OF ITS OWN SHARES

NEDLLOYD BUYS BACK 5% OF ITS OWN SHARES    Royal Nedlloyd Group, the owner of 50 percent of P&O Nedlloyd Container Line, has bought more than 5 percent of its issued share capital.
   Nedlloyd said that this interest includes shares repurchased in the share buyback program announced on Sept. 19, together with shares purchased in the past for employee stock options plans.
   So far, under the share buyback program, Nedlloyd has bought over 900,000 of its own shares at an average price of 13.80 euro ($12.40). In the following months, Nedlloyd intends to buy back an additional one million shares, it said.
   On completion of this program, a maximum of 10 percent of the company’s issued capital will have been repurchased.