Siemens Energy said on September 23 that its third share-buyback tranche would begin the following day. The company may acquire shares with a maximum total value of €2 billion, excluding transaction charges, and may not purchase more than 50 million shares under the tranche. The authorization runs until March 31, 2027 at the latest.

The company said the shares may be used for share-based and employee remuneration programmes or cancelled. The measure is being carried out under authority approved by shareholders on February 26, 2024. The announcement describes a maximum limit, not a commitment to spend the full amount or buy the maximum number of shares.