On Monday, SAP announced the launch of the third tranche of its share buyback program, for a maximum amount of 1.6 billion euros.

In a press release, the German enterprise software giant states that these buybacks will start today and end no later than April 25, 2025.

The Walldorf-based group points out that this agreement is part of the formalization, in May 2023, of a share buyback program likely to reach a total of five billion euros.

On the Frankfurt Stock Exchange, SAP shares were down by around 0.1% on Monday morning in early trading.

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