Company - Berlin - Deutsche Wohnen buys back own shares
Berlin (dpa) - The real estate group Deutsche Wohnen delights investors with a share buyback program. Up to 25 million of its own papers, corresponding to a share of around seven percent of the total capital, are to be acquired, as can be seen from a statement published by the company on Tuesday evening in Berlin. To do this, the group plans to spend a maximum of 750 million euros - without additional costs. The repurchased shares are to be used for purposes determined by the general meeting in the previous year.
The news was well received on the stock exchange. In an initial reaction, Deutsche Wohnen's share price on the Tradegate trading platform rose by just over two percent.