BMW to start 2 billion euro share buyback programme in July

Updated : Jun 30, 2022, 11:36 UTC1min read
BERLIN (Reuters) – Germany’s BMW approved the launch of a share buyback programme with a volume of up to 2 billion euros ($2.08 billion) set to start in July, the carmaker said on Thursday.
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BERLIN (Reuters) – Germany’s BMW approved the launch of a share buyback programme with a volume of up to 2 billion euros ($2.08 billion) set to start in July, the carmaker said on Thursday.

The bulk of the amount is attributed to ordinary shares – 1.85 billion euros – while the rest will be in preferred shares.

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The programme is to be completed no later than December 31, 2023, according to BMW, which said further details would be announced before it is set to begin.

($1 = 0.9612 euros)

(Writing by Miranda Murray, editing by Rachel More)

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