GLADE MICHEL WIRTZ has advised Mercedes-Benz Group AG in connection with a further share
buyback program. The program was started at the beginning of November 2025 and is scheduled to be
completed within a period of up to twelve months. Own shares worth up to EUR 2 billion (not including
incidental costs) may be repurchased on the stock exchange and multilateral trading facilities. The
shares are to be cancelled.
The share buyback program is based on the share buyback policy of Mercedes-Benz Group AG announced
in 2024, according to which the future Free Cash Flow from the industrial business (as available
post potential small-scale M&A) generated beyond the approx. 40 percent dividend payout ratio of
Group Net Income shall be used to fund share buybacks with the purpose of cancelling the shares.
GLADE MICHEL WIRTZ had also advised Mercedes-Benz Group AG on stock corporation and capital
market law in this matter.
Legal Advisors
Mercedes-Benz Group AG (Inhouse Legal):
Florian Adt (Associate General Counsel), Dennis Döpfer (Senior Legal Counsel), Veronika Revesz (Senior
Legal Counsel), Paavopentti Heikelä (Legal Counsel)
GLADE MICHEL WIRTZ (Düsseldorf):
Dr Alexander Retsch (Partner), Dr Marco Sustmann (Partner), Dr Jakob Müllmann (Associate),
Dr Janine Pietsch (Associate) – all Corporate