By  on March 13, 2018

PARIS — Adidas AG said on Tuesday it plans to buy back up to 3 billion euros of its shares by May 11, 2021.

Starting on March 22, the German sporting-goods firm intends to buy back shares worth up to 1 billion euros in 2018. Adidas, which reports fourth-quarter results on Wednesday, said it will cancel the majority of the repurchased shares.

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