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Munich Re to buy back €1B worth of shares

Munich Re Co. will repurchase its shares for a maximum total price of €1 billion, excluding incidental expenses, from May 2 until April 29, 2020, at the latest.

The shares correspond to about 3.1% of the share capital and about 4.6 million shares, based on the March 18 share price.

The shares acquired during the 2018 and 2019 buyback programs will be retired.