By Kim Richters
Adidas AG (ADS.XE) said Tuesday that it plans to buy back shares worth up to 1 billion euros ($1.12 billion) in 2020.
The German sporting-goods company said the now-started buyback program is the third tranche of a share-repurchasing plan that it originally announced in March 2018.
In the two previous tranches, the company bought back a total of 8.3 million shares for EUR1.8 billion.
Adidas said it has returned a total of EUR3 billion to shareholders through its dividend policy and share buybacks since the program launched nearly two years ago.
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