BMW plans further share buyback programme of up to $2.2 billion

The logo of German automaker BMW is seen in Brussels

FRANKFURT (Reuters) - The German automaker BMW said on Wednesday that it had approved a further share buyback of up to 2 billion euros ($2.21 billion).

It is scheduled to start when a current buyback program concludes. The move was decided by BMW's management board on Wednesday, BMW said.

($1 = 0.9048 euros)

(Reporting by Tom Sims;Editing by Elaine Hardcastle)