HOCHTIEF AG said Thursday that its Executive Board has decided to start a share buyback program.
Up to 4,313,000 no-par value shares in HOCHTIEF, or about 5.6% of the company's share capital, for a
total purchase price of up to €260 million shall be bought back by the company.
The buyback will be carried out in the period between June 17, 2013 and December 13, 2013.
The share buyback program is based on the authorization of the Annua General Meeting of May 7, 2013, to launch a share buyback program for shares in the amount of up to 10% of the company's share capital until May 6, 2018.
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