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Coca-Cola Europacific Partners ( (CCEP) ) has issued an announcement.
Coca-Cola Europacific Partners announced the repurchase of 107,944 ordinary shares as part of its ongoing share buyback program, which aims to repurchase up to EUR 1 billion worth of shares. This strategic move is intended to enhance shareholder value and reflects the company’s commitment to returning capital to its investors. The repurchased shares will be canceled, which may positively impact the company’s earnings per share by reducing the number of outstanding shares.
More about Coca-Cola Europacific Partners
Coca-Cola Europacific Partners is a leading consumer goods company that produces, distributes, and sells popular beverage brands. It operates in 31 countries, serving nearly 600 million consumers and supporting over 4 million customers. The company combines the global scale of a multinational corporation with local expertise, and it is listed on several major stock exchanges, including Euronext Amsterdam, NASDAQ, the London Stock Exchange, and the Spanish Stock Exchanges.
For an in-depth examination of CCEP stock, go to TipRanks’ Overview page.