Germany's Beru begins buying back shares

Newswire

FRANKFURT, Dec 11 (Reuters) - German car parts maker Beru AG said on Wednesday it had begun buying back up to 10 percent of its stock in a bid to boost its share price.

"In view of the stable growth perspectives... as well as sound financial figures management sees the company's share trading at inadequately low levels," the Ludwigsburg-based company said in a statement.

"Parts of the group's cash position amounting to more than 110 million euros ($111.1 million) will be ...

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