Munich Re to Buy Back Up to EUR1 Billion of Shares

Date : 02/26/2020 @ 1:01PM
Source : Dow Jones News
Stock : Muenchener Rueckversicherungs Gesellschaft AG (MUV2)
Quote : 184.35  -3.65 (-1.94%) @ 10:46AM

Munich Re to Buy Back Up to EUR1 Billion of Shares

Muenchener Rueckversiche... (XE:MUV2)
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2 Months : From Feb 2020 to Apr 2020

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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)

Copyright (c) 2020 Dow Jones & Company, Inc.


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