By Ulrike Dauer

FRANKFURT--German construction services company Hochtief AG (HOT.XE) said it will buy back up to 6.916 million of its shares.

The buyback of up to 10% of the company's equity capital will be carried out between Oct. 7 and Dec. 31, 2015.

Based on Wednesday's closing price of EUR53, the company would spend up to EUR367 million. The share buyback of up to 10% has already been approved by the company's 2014 annual shareholders meeting.

Write to Ulrike Dauer at Ulrike.Dauer@wsj.com

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