on BANIMMO A (D) (isin : DE000CBK1001)
Commerzbank Concludes €600 Million Share Buyback, Awaits Approval for Second Tranche
Commerzbank AG completed the first tranche of its third share buyback program, repurchasing 38,837,806 shares for approximately €600 million. This buyback represents 3.278% of the bank's share capital. The operation began on 7 November 2024 and marks a significant step in Commerzbank's plan to return at least 70% of its net result to shareholders for the 2024 financial year.
CEO Bettina Orlopp emphasized the importance of this initiative in achieving the bank's financial goals. Approval has been sought from the European Central Bank and the German Finance Agency for a second tranche of up to €400 million. This buyback is part of a broader plan to enhance shareholder returns through dividends and share repurchases.
With a planned total of up to €1 billion, the current program is Commerzbank’s largest buyback in history, demonstrating the bank's commitment to shareholder value.
R. P.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all BANIMMO A (D) news