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Name | Symbol | Market | Type |
---|---|---|---|
Muenchener Rueckversicherungs Gesellschaft AG (PK) | USOTC:MURGY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.70 | -1.39% | 49.53 | 49.30 | 50.13 | 50.205 | 49.53 | 50.185 | 30,570 | 21:01:20 |
By Adria Calatayud
Munich Re AG said Wednesday that it plans to buy back shares worth up to 1 billion euros ($1.06 billion), which added to its dividend proposal amounts to a capital return of EUR2.6 billion.
The German reinsurer said the buyback will run from May 6 to next year's annual general meeting, scheduled for April 25, 2024, at the latest.
Munich Re's management board proposed a dividend for last year of EUR11.60 a share, up from EUR11.00 a share a year earlier.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
February 22, 2023 08:21 ET (13:21 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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