As part of the completed second and third tranches and the initiated fourth tranche of the 2022–2024 share buyback program, we had repurchased a total of 22.0 million shares in the amount of €925 million over the course of the year through December 31, 2023. Since the beginning of the share buyback program, we have repurchased a total of 50.0 million shares with a value of €1,940 million. On February 12, 2024, the Board of Management resolved to expand the current share buyback program so that a total of up to 130 million treasury shares are to be purchased at a price of now up to €4 billion through the end of 2025.
On June 26, 2023, we placed a sustainability-linked bond with an issue volume of €500 million and a term through 2033. The interest rate from 2031 onward is linked to the achievement of DHL Group’s targets for reducing greenhouse gas emissions.
On October 5, 2023, we acquired 100% of shares in the Turkish parcel service provider MNG Kargo following successful approval by the antitrust authorities. In the eCommerce division, the company should contribute to the ability to benefit from the growth potential of the Turkish market.
On December 7, 2023, we acquired the remaining shares in Danzas AEI Emirates, consolidated the company, which had previously been held as a joint venture, fully into the Group and renamed it DHL Logistics. With this acquisition, our customers in the Middle East and Africa region will benefit from more efficient logistics and transport services in the Global Forwarding, Freight division.
There were no further noteworthy changes to the portfolio.
