DLA Piper has advised Deutsche Beteiligungs AG, a financial investor for medium-sized companies, on another share buyback program after the share buyback program launched on 5 March 2024 was successfully completed. DLA Piper had also advised Deutsche Beteiligungs AG on this programme.

The aggregate volume of the share buyback program now resolved amounts to up to EUR20 million (without incidental acquisition costs). Under the share buyback program, a maximum of 800,000 shares shall be acquired, which corresponds to a share of approximately 4.25% in the current share capital of DBAG. The buyback will begin soon and will be implemented over a period of up to one year.

With the share buyback program, the management board makes further use of the authorisation to repurchase own shares granted by the shareholders’ meeting of DBAG on 28 February 2023 pursuant to Section 71 para. 1 no. 8 of the German Stock Corporation Act (AktG). The share buyback will be implemented by a credit institution via the stock exchange in accordance with Art. 5 Market Abuse Regulation in conjunction with the Delegated Regulation (EU) 2016/1052 of the EU Commission.

DLA Piper’s Capital Markets team was led by counsel Juliane Poss and partner Dr Roland Maaß (both Frankfurt) and also included partner Kerstin Schnabel and associate Melissa Sehringer (both Cologne).

Dr Matthias Döll was responsible for the legal side of the transaction in-house at Deutsche Beteiligungs AG.