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Coca-Cola Europacific Partners ( (CCEP) ) just unveiled an announcement.
Coca-Cola Europacific Partners has completed the third tranche of its share buyback program ahead of schedule, purchasing a total of 1,794,369 ordinary shares for approximately €137.9 million. The company has initiated a new arrangement with Jefferies LLC and Jefferies International Limited for the next tranche, aiming to repurchase shares worth up to €382 million by December 2025. This strategic move is intended to reduce the company’s issued share capital, potentially enhancing shareholder value and market positioning.
More about Coca-Cola Europacific Partners
Coca-Cola Europacific Partners is a leading consumer goods company that produces, distributes, and sells popular beverage brands. The company serves nearly 600 million consumers and supports over 4 million customers across 31 countries. It is listed on multiple stock exchanges, including Euronext Amsterdam, NASDAQ, and the London Stock Exchange, and is part of the NASDAQ 100 and FTSE 100 indices.
See more data about CCEP stock on TipRanks’ Stock Analysis page.