(CercleFinance.com) – Accor announces the finalization of its 400 million euro share buyback program announced on February 22, following which it acquired 9,923,228 shares at an average price of 40.31 euros, titles which will be canceled in the coming weeks.
A first tranche of share buybacks, for 275 million euros, was carried out with Jinjiang International on March 11. This transaction involved seven million shares at a unit price of 39.22 euros.
The balance of the share buyback program, launched on March 20 by the hotel chain for 125 million euros, was finalized on April 4, with the acquisition of 2,923,228 shares at an average price of 42.93 euros. .
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