Capital News

Drillisch intends to purchase up to 3,792,118 of its own shares on the stock exchange. Already between November 2011 and March the mobile phone service provider bought back 2.87 percent of its capital stock, at a total cost of €9.71 million. Together with the 1,526,783 shares already held, this amounts to ten percent of the current share capital. A commercial bank has been commissioned with the implementation of the buyback, approved by the Management and Supervisory Boards on 13 September. The authorization to repurchase expires on 27  May 2015.

Siemens implements the announced cancellation of the shares bought back by the banks. The company has since the beginning of August spent around 1.1 billion euros for the repurchase of 14.6 million shares. By 30 December would be made ​​of the buyback for 3.3 billion euros. The capital will then be reduced by the withdrawal of 33.2 million to 881 million units. The Group assumes long-term debt and bonds are out of around 2.7 billion euros. Siemens CFO Joe Kaeser will replace such an expensive equity with historically low-cost borrowing.