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ECB approves Bawag's share buyback of up to €400M

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ECB approves Bawag's share buyback of up to €400M

The ECB approved Austria-based Bawag Group AG's share buyback of up to €400 million with the purpose of canceling the shares.

The bank's managing board has decided to launch a voluntary partial tender offer, subject to the supervisory board's approval, setting the offer price at €36.84 per share and volume at €400 million.