As part of the completed fourth tranche of the 2022–2025 share buyback program and the fifth tranche that has now begun, we repurchased a further 14.1 million shares with a value of €594 million in the first half of 2024.
On March 25, 2024, we issued a bond with a volume of €1 billion and a term through 2036. The proceeds will be used, among other things, to refinance existing financial liabilities.
By way of a resolution of the Board of Management dated May 2, 2024, the issued capital was reduced by €39 million, and the corresponding shares were retired. The treasury shares had been acquired as part of the existing share buyback programs. This was entered in the commercial register on May 22, 2024.
