CCEP Advances €1 Billion Share Buyback with €214 Million in Purchases

Coca-Cola Europacific Partners has made significant strides in its share buyback program, acquiring 214,393 ordinary shares between August 24 and 28. This move is part of the company's plan to return up to €1 billion of capital to shareholders, which will help optimize its capital structure and potentially enhance earnings per share.

The repurchased shares were acquired from Goldman Sachs entities, and as a result, CCEP's share base will be reduced through cancellations. This reinforces the company's position as a major beverage player focused on disciplined capital allocation in competitive global consumer markets.

By shrinking its share base, CCEP signals management's confidence in the company's long-term prospects and commitment to shareholder value. The transactions underscore this confidence while maintaining listings across Euronext Amsterdam, Nasdaq, the London Stock Exchange, and Spanish exchanges.