Capital News

Deutsche Börse is launching a share buyback programme. The stock-exchange operator plans to buy back about 100 million euros worth of its own shares on the market by the end of July. As was announced on 29 May, the programme is part of the 200 million euro repurchase approved at the Annual General Meeting on 16 May. Deutsche Börse has been carrying out repurchases for years. The current programme is, however, also connected with the failed merger with NYSE EuroNext. As part of that transaction the Frankfurt stock-exchange operator had envisaged a special dividend of two euros per share, which had evaporated with the failure of the merger.

Deutsche Wohnen has collected €461.1 million through a capital increase,. The subscription price for the up to 43.8 million new shares was 10.50 euros per share, the real-estate company announced on 26 June. The subscription rate was 99 percent, while the remaining shares were sold to institutional investors at €12.30. Three quarters of the sum is to be used to finance the takeover of the Baubecon portfolio of 23,500 dwellings, agreed with Barclays at the end of May, at a price of 1.24 billion euros. Shareholders can purchase three new shares for every seven existing ones.