Adidas has announced the start of the third tranche of its multi-year share buyback program, which calls for the purchase of up to €3.0 billion worth of its own shares between March 2018 and May 2021. It is planning to purchase own shares worth up to €1.0 billion in 2020. In the previous two tranches, it acquired a total of 8.3 billion shares for €1.8 billion, representing 4.1 percent of the share capital. The majority of repurchased shares is set to be cancelled.

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