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الاقتصادية
Commerzbank plans €1.2bn share buyback
A Commerzbank article reveals its intention to buy back shares worth 1.2 billion euros to Boost investor returns. This is part of a plan to return approximately 3.2 billion euros through dividends and share buybacks by 2026. This comes amid increasing pressure from Italy's UniCredit, which has raised its stake to around 50% and raised concerns about a potential takeover of the German bank. Details indicate that the program will start on Friday and continue until February 2027, with the bought-back shares to be canceled to enhance shareholder value. This aligns with the bank's policy to achieve a net profit of about 3.4 billion euros in 2026.
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