08:47 AM EST, 02/27/2025 (MT Newswires) -- Power Corporation of Canada ( PWCDF ) on Thursday said the Toronto Stock Exchange approved the company's stock buyback.

Under the normal course issuer bid (NCIB), Power may buy back up to 20 million of its subordinate voting shares from March 1, for one year.

Under its current NCIB, which ends on Feb. 28, the company bought back 10.6 million shares at an average price of $41.69 each.