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Scout24 AG relies on Allen & Overy to buy back own shares

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Eichner Christian
Dr Christian Eichner

Partner

Duesseldorf

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Diekmann Hans
Dr Hans Diekmann

Partner

Duesseldorf

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Marc Plepelits

Partner

Frankfurt am Main

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Ehret Michael
Dr Michael Ehret

Partner

Frankfurt am Main

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Image of Katharina Stüber
Dr Katharina Stüber

Counsel

Frankfurt am Main

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Harald Klett
Harald Klett

Manager PR & Communications

Frankfurt am Main

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08 April 2020

Allen & Overy LLP has advised Scout24 AG in relation to the company's acquisition of own shares.  The buy-back programme follows a share buy-back completed at the end of January 2020, where Allen & Overy also advised.

The current buy-back programme provides that the company will buy back own shares worth up to EUR 690 million on the stock market during a period ending at the latest on the date of the annual general meeting 2021. 

The buy-back will be executed by a credit institution in accordance with the safe harbour regime under the Market Abuse Regulation. 

Allen & Overy's advisory team comprised partners Dr Christian Eichner and Dr Hans Diekmann (both Corporate/M&A, Düsseldorf), Marc Plepelits (ECM) and Michael Ehret (Tax, both Frankfurt) as well as counsel Dr Katharina Stüber (Corporate/M&A, Frankfurt).  The team further included counsel Kyrill Chilevych as well as the associates Dr Conrad Schulte-Wintrop and Simon Binn (all Corporate/M&A, Düsseldorf). 

In-house advice at Scout24 was provided by Dr Christian Ronge (General Counsel).