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Adidas Stops EUR 1 Bln Share Buyback

Adidas (ADDYY.PK,ADDDF.PK) said it stop a 1 billion euros share buyback it had planned for this year, citing economic uncertainty caused by the dynamic developments related to the coronavirus outbreak.

The adidas Executive Board decided to proactively adopt a conservative approach to liquidity managementin order to preserve the company's financial flexibility in the current environment.

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