Moscow. November 12. American engineering group United Technologies Corp. (UTC) have signed an agreement on accelerated redemption of own stocks from banks Deutsche Bank and JPMorgan. for a total of $6 billion, according to The Wall Street Journal.
The redemption will take place in the framework of the acquisition and delisting of the shares by $10 billion planned for the current year. Just before the end of 2017 UTC intends to acquire its own shares $16 billion.
The program will be partially financed by funds from the sale of the helicopter division of Sikorsky concern Lockheed Martin Corp. for $9 billion.
UTC stocks in the market on Thursday, prices rose by 0.1%. With the beginning of the year capitalization of the company dropped almost 20%.
