Krones to buy back shares
The Executive Board of Krones AG is convinced that the price of the Krones stock, against the background of the crisis on the financial markets, does not adequately reflect the profitability and the future prospects of Krones AG. In view of the company’s good liquidity situation, the buyback will be funded from the firm’s own resources.
Krones also said that it will decide at a later state as to what to do with the repurchased shares.
