May 10, 2018 / 3:30 PM / 2 months ago

Zalando to launch 50 mln euro share buyback

FRANKFURT, May 10 (Reuters) - German online fashion retailer Zalando said on Thursday it would launch a 50 million euro ($59 million) share buyback to cover its management stock option programmes.

The buyback would run from May 11 until June 4, the company said in a regulatory news release.

$1 = 0.8413 euros Reporting by Douglas Busvine Editing by Michael Nienaber

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