MBB SE (MBB.DE) Tuesday said that it plans to launch a share buyback program of up to 22.0 million euros, with repurchases made via the stock exchange at a maximum price of 222.00 euros per share. The program will begin on December 11 and will run until no later than April 14, 2026.
On the XETRA Exchange, MBB.DE is up 6.1 percent on Tuesday's trading at 200.00 euros.
The German investment management company said that the share buyback was launched keeping in mind the significant undervaluation of the MBB shares and the company's strong capitalisation.
According to MBB SE, the buyback will be carried out under the authorization granted by the Annual General Meeting on June 17 to acquire treasury shares.
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