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An announcement from Coca-Cola Europacific Partners ( (CCEP) ) is now available.
Coca-Cola Europacific Partners has repurchased 133,081 ordinary shares on U.S. trading venues and 59,211 ordinary shares on London trading venues as part of its ongoing share buyback programme. The shares, acquired from Goldman Sachs entities, will be cancelled, contributing to a reduction in the company’s share count.
These transactions are a step within the company’s previously announced plan to buy back up to EUR 1 billion of its ordinary shares. The move underscores management’s capital allocation strategy, signalling confidence in future cash generation and potentially enhancing earnings per share and returns for existing shareholders over time.
More about Coca-Cola Europacific Partners
Coca-Cola Europacific Partners is a major global consumer goods company that manufactures, distributes and sells Coca-Cola and other leading beverage brands. It serves nearly 600 million consumers and over 4 million retail and hospitality customers across 31 countries, leveraging multinational scale alongside local market expertise in Europe and the Asia-Pacific region.
For an in-depth examination of CCEP stock, go to TipRanks’ Overview page.