Dow Jones2022-01-10
Adidas AG said Monday that it will buy back its own shares for up to 1 billion euros ($1.14 billion) in the first quarter of the year as part of a previously announced buyback program.
The German sporting-goods major said it plans to cancel most of the shares repurchased during the program as it did with previous share buybacks.
In December, Adidas said it will buy back shares of up to EUR4 billion until 2025.
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