By Cristina Roca

Germany's Allianz SE said late Thursday that it will launch a buyback program of up to 1.5 billion euros ($1.62 billion).

The insurer said the program will start in March and finish by the end of the year at the latest. All repurchased shares will be canceled, Allianz said.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

February 21, 2020 01:21 ET (06:21 GMT)

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