Capital News

LANXESS has announced a share buyback in order to issue shares to staff. The programme started on 12 July. By 22 July up to 140,000 own shares are to be purchased. This corresponds to about 0.2 percent of share capital and is expected to cost the MDAX-listed company almost eight million euros.

As ThyssenKrupp announced ad-hoc after market close on 6 July, own shares amounting to 9.6 percent of the share capital will be sold in order to reduce net financial debt for “strategic development”. The sale of 49,484,842 own shares has been rapidly translated into action. Institutional investors from home and abroad put around 1.63 billion euros on the table. CEO Hiesinger had also announced he wanted to reinvest several billion euros from the proceeds in future growth areas, especially in the technology business and emerging markets.