Corporate News
BASF SE, the German chemical group listed on Xetra, has issued new capital‑market information announcing the continuation of its share‑buyback programme. The announcement, released through EQS‑CMS, confirms that the company is actively advancing the repurchase plan, which has been used in the past to support the share price. At the same time, the company’s chief executive has expressed caution regarding medium‑term prospects, signalling that underlying concerns may temper the effect of the buy‑back on investor sentiment.
Market observers noted that the share price has slipped below the 44‑Euro psychological threshold earlier in the week, tightening technical support levels. Despite this, the broader German index has held its ground, and the buy‑back initiative is expected to provide some counterbalance to the downward pressure on the stock.
No further operational or financial updates were disclosed in the release. The focus remains on the ongoing repurchase activity and the executive’s tempered outlook for the company’s future performance.
