(Finance) – Commerzbank ha Completed the first tranche of its third program for the recourse of actions. From 7 November 2024, he regained a total of 38,837,806 of his own shares for an amount of approximately 600 million euros at an average price of about 15.45 euros per share. This corresponds to 3.278% of the capital.
The completion of the first tranche is “an important step towards our goal of returning at least 70% of our net result to our shareholders for the financial year 2024 – said the CEO Bettina Orlopp – We have approval already asked to the European Central Bank and the German financial agency for one second tranche Up to 400 million euros. In the next few years, we aim to further increase the return of capital for our shareholders “.
For the financial year 2024, the return of capital will include a dividend and the repurchase of actions consisting of two tranches. With a volume planned up to 1 billion eurosthe third repurchase program is the largest in the story of Commerzbank.