BASF back shares worth Eur1.3 billion in 2001 - leatherbiz: Leading ne Leatherbiz

News

BASF back shares worth Eur1.3 billion in 2001

07/01/2002

The German chemicals giant BASF has advised that it has completed its share buy-back programme as planned in 2001. The company used Eur1.3 billion ($1.15 billion) to buy back a total of 30,775,000 shares at an average price of Eur42.22 per share. This corresponds to approximately 5 percent of BASF's share capital.

Of the repurchased shares, 25,975,000 have already been cancelled. The company says it is also planning to cancel the remaining 4,800,000 shares, thereby reducing its share capital.



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.