FX.co ★ Munich Re To Repurchase Up To EUR 1.5 Bln Of Shares

The German reinsurance company, Munich Re, announced a board decision to buy back shares up to a maximum value of 1.5 billion euros. This repurchase, not taking into account incidental expenses, is set to occur from April 26, 2024, and is expected to be complete by the annual shareholders' meeting on April 30, 2025.

The company's Management Board also plans to suggest a dividend of 15.00 euros per share for the 2023 fiscal year at the Annual General Meeting. The Supervisory Board will make a decision on this proposal once the final business figures for 2023 become available.