<div id="readability-page-1"><div>By Katherine Hamilton Bayerische Motoren Werke, or BMW, launched a second tranche of its share-repurchase program for up to 52.3 million shares. The German automaker said Thursday that the second buyback tranche would be worth up to 625 million euros, which is equal to about $733 million. The buyback period will go from Jan. 2, 2026, to Aug. 31, 2026, BMW said. BMW completed the first tranche of the buyback on Dec. 8. A total of 7.5 million ordinary shares and 1.8 million preferred shares were acquired between May 21 and Dec. 8, with a total purchase price of EUR750 million. The primary objective of the buyback is to redeem shares with a corresponding reduction in share capital, BMW said. It is also used to transfer shares to employees within an employee-share program. Write to Katherine Hamilton at katherine.hamilton@wsj.com (END) Dow Jones Newswires12-18-25 1403ET</div></div>

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寶馬已批准其股票回購計劃的第二批次，最多可回購 5230 萬股，價值高達 6.25 億歐元（約合 7.33 億美元）。回購期限為 2026 年 1 月 2 日至 2026 年 8 月 31 日。第一批次於 12 月 8 日完成，涉及回購 750 萬股普通股和 180 萬股優先股，金額為 7.5 億歐元。此次回購旨在減少股本並將股份轉讓給員工

寶馬批准第二批股票回購，數量最多可達 5230 萬股