By Pietro Lombardi

Munich Re AG said Wednesday that it will buy back up to 1 billion euros ($1.09 billion) of shares.

The process will run between April 2020 and April 2021, the German reinsurer said.

At current prices, it could buy back up to about 3.9 million shares, or roughly 2.7% of the capital.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

February 26, 2020 07:46 ET (12:46 GMT)

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