The buyback will begin in the first quarter of next year, according to the company’s press release.
Furthermore, Deutsche Boerse stated that it plans to pay 30-40% of its adjusted yearly net profit to shareholders in the form of dividends. The corporation intends to distribute approximately 40% of profits through 2023.
In trading on Tuesday, Deutsche Boerse shares are down 0.4%. Since the beginning of the year, the company’s market value has declined by 1.8% (to €29.1 billion), while the DAX has increased by 8.4%.
source: dw.de
