KARLSRUHE (dpa-AFX) - The internet service provider Ionos plans to buy back shares worth up to 40 million euros. To this end, up to 1.5 million of its own shares are to be repurchased on the market, as the SDax-listed company announced on Tuesday in Karlsruhe. This corresponds to up to around 1.1 percent of the share capital.

The buyback is to start in the coming days and be completed by the end of 2025. The supervisory board has approved the decision of the management board, said the United Internet Group subsidiary. Ionos' shares rose by almost two percent after the announcement./men/jha/