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Deutsche Boerse to buy back 200 million euros in shares
April 26, 2017 / 7:05 PM / 7 months ago

Deutsche Boerse to buy back 200 million euros in shares

FRANKFURT (Reuters) - Deutsche Boerse (DB1Gn.DE) said on Wednesday that it planned to buy back shares totalling around 200 million euros ($218 million) in the second half of this year.

The plaque of the Deutsche Boerse AG is pictured at the entrance of the Frankfurt stock exchange February 1, 2012. REUTERS/Alex Domanski/File Photo

The exchange operator said that it will fund the buyback with proceeds generated from its 2016 sale of International Securities Exchange to Nasdaq (NDAQ.O) for about 1 billion euros.

“Besides the planned share buybacks, the company intends to use these funds primarily for organic as well as value accretive external growth,” the company said in a statement.

($1 = 0.9174 euros)

Reporting by Tom Sims; Editing by Arno Schuetze

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