BMW: announces 2-billion-euro share buyback programme

(CercleFinance.com) - BMW announced on Thursday a stock repurchase programme of up to two billion euros, with the aim of largely cancelling the shares, and reducing the capital accordingly.


The German carmaker said the move was approved at the annual general meeting in May 2022, which authorised a share buyback of up to 10% of the share capital within five years.

The programme is set to begin in July 2022 and end no later than December 2023.

"Share buybacks provide an additional tool to create value for our shareholders and send a signal of our long-term strength to the capital markets," said Nicolas Peter, the member of the board of management responsible for finance.

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