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Capital News
Siemens is borrowing three billion euros in the capital market to finance a share buyback of the same amount this year. The Group announced this in a release in the night of 3 August. Here, the historically low borrowing costs for German companies are to be exploited. For equity, the company currently has to pay about 4.3 percent interest in the form of dividends. By tightening the amount of shares, the stock market value of more than 63 billion euros soon be distributed ove fewer shares, thereby increasing the price and the earnings per share. From 3 August to 24 August in total 8,801,500 securities had been acquired, the company said.