By Helena Smolak

SAP set out a second tranche of its buyback program valued at up to 1.25 billion euros ($1.35 billion) on Frankfurt’s stock exchange.

The German software company said Monday that it plans to repurchase shares from Feb. 26 until Aug. 29 at the latest.

The company announced the buyback program in May last year with an aggregate volume of up to EUR5 billion until Dec. 31, 2025.

Write to Helena Smolak at helena.smolak@wsj.com

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