Zalando to repurchase up to 200 million euros of shares

The Berlin-based online fashion retailer Zalando said it had decided to initiate a share buy-back programme.

The DAX-listed company wants to buy back up to 2.2 million of its own shares, for a total purchase price of up to 200 million euros.

The buy-back programme starts on January 21 and ends on April 21 at the latest, Zalando said.

The decision has been approved by the Supervisory Board and is in accordance with the authorization granted by the Annual General Meeting 2020.