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Credit Suisse AG announces new CHF1.5B share repurchase program

|About: Credit Suisse Group AG (CS)|By: , SA News Editor

Credit Suisse AG (NYSE:CS) to repurchase up to CHF1.5B shares in 2020. The company expects to buy back at least CHF1B of shares until the end of 2020.

The company repurchased 79.8M shares for a total of CHF ~1B at an average purchase price per share of CHF 12.53.

The repurchased shares are expected to be cancelled by means of a capital reduction to be proposed at future annual general meetings of shareholders.

CS -3.7%

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