December 29, 2017 / 1:24 PM / in 10 months

BRIEF-Allianz to launch share buyback worth up to 2 bln euros

Dec 29 (Reuters) - Allianz Se:

* ‍ON NOVEMBER 9, 2017, BOARD OF MANAGEMENT OF ALLIANZ SE HAS RESOLVED TO CARRY OUT A SHARE BUY-BACK PROGRAMME​

* ‍VOLUME OF BUYBACK UP TO 26.5 MILLION SHARES WORTH UP TO EUR 2 BILLION

* BUY-BACK VIA XETRA-TRADING SYSTEM OF FRANKFURT STOCK EXCHANGE TO BEGIN ON JAN 3, 2018

* ‍BUY-BACK WILL BE CONDUCTED FOR A PERIOD OF UP TO SIX MONTHS​

* ‍REPURCHASED SHARES OF ALLIANZ SE WILL BE REDEEMED WITHOUT REDUCTION OF SHARE CAPITAL​ Further company coverage: (Reporting By Douglas Busvine)

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