Schoenherr has advised Erste Group Bank on its EUR 500 million share buyback, followed by a cancellation of treasury shares and a reduction of the company’s share capital.
According to Schoenherr, over a five-month period, Erste Group repurchased 10,398,524 shares equivalent to EUR 500 million. Following the repurchase, Erste Group canceled the treasury shares, effectively reducing the share capital as of December 17, 2024.
The Schoenherr team included Partner Sascha Schulz and Associate Roland Misic.
