BASF Brings Share Buyback Program Forward to Bolster Stock Price
The BASF SE chemical plant in Ludwigshafen, Germany.
Photographer: Alex Kraus/BloombergBASF SE is bringing forward parts of its share buyback program to bolster its stock price as the chemicals industry struggles with trade barriers and subdued demand from the car industry.
The program, scheduled to start next month, has a volume of up to €1.5 billion ($1.7 billion) and is expected to be completed by the end of June 2026, the company said in a statement on Tuesday. It is part of the €4 billion share buyback BASF announced in September last year that will run through to the end of 2028.