Neste Oil will exercise a buyback authorisation to purchase the company’s own shares.
Under the authorisation, which was issued at the last general meeting earlier this month, the board can take ownership of a maximum of two million shares, using the company’s unrestricted equity.
The shares can later be considered in possible acquisitions, finance investments or incentive programmes.
Neste Oil produces a range of petroleum projects including renewable diesel. The firm had a net sales of EUR 17.5billion.