K+S Group said on May 16 it had begun the buy-back of its own shares. The company reported in March that it proposed to buy back own shares with an equivalent value of about €1 per share (GM March 17, p. 24).
The share buy-back has a volume of up to €200 million (approximately $216.9 million at current exchange rates) and the company expects this to completed by Feb. 15, 2024, at the latest.
K+S said at the current share price, the buy-back corresponds to “a good 6% market capitalization.”