I’ve actually looked into this with people wiser than me, including those who have experience with it. Short answer: damn difficult and expensive, makes no sense unless several millions of euros are on the table. The Limited Liability Companies Act in particular is a challenge here and requires a significant amount of manual work (ensuring equal treatment of shareholders in the case of a targeted repurchase). Running a share buyback program, on the other hand, is straightforward, carries a reasonable monthly cost, and doesn’t require lawyers or bankers.
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