The online fashion retailer Zalando wants to buy back up to 2.2 million of its own shares. Up to 200 million euros are to be spent on this, as the Dax company announced late Thursday evening. The papers are to be used for Zalando’s stock option program for employees and board members.
The news was well received on the capital market. The Zalando share price increased by one percent on the Tradegate trading platform in an initial reaction. (dpa)