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BAWAG Group plans share repurchase

The management board of BAWAG Group AG will propose repurchasing its own shares for an expected total consideration of up to €400 million at the general meeting.

The move is subject to approvals of competent regulatory authorities, general meeting and the management board's evaluation of the timing, volume and manner of the repurchase and their cancellation later.

BAWAG has a market capitalization of around €4.10 billion and total capitalization of about €9.00 billion, according to S&P Global Market Intelligence data.