(Reuters) – German consumer goods company Henkel on Tuesday said it would repurchase shares for up to 1 billion euros ($1.08 billion), with the aim to potentially cancel them and reduce its capital stock accordingly.
The company said it would buy back preferred shares in the company for up to 800 million euros and ordinary shares for up to 200 million euros, corresponding to about 2.7% of the company’s share capital.
The share buyback is to run from April 2025 to end of March 2026, it said in a statement, adding it would initially hold the repurchased stock as treasury shares.
($1 = 0.9227 euros)
(Reporting by Linda Pasquini, Editing by Friederike Heine)
