EQS-News: GEA announces new share buyback program of up to EUR 500 million

Summary by AI BETAClose X

GEA Group Aktiengesellschaft has announced a new share buyback program of up to EUR 500 million, authorized by its Annual General Meeting on April 30, 2025, and set to run from August 2026 through the end of 2027. The program will begin with an initial tranche of up to EUR 250 million in August 2026, with the remaining amount to be utilized by the end of 2027; repurchased shares are intended to be cancelled. This buyback is accompanied by an ESG component, with GEA donating EUR 250,000 to Deutsche Universitätsstiftung to support STEM students, reflecting the company's confidence in its growth prospects and financial strength.

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