CCEP Continues EUR 1 Billion Share Buyback Program with Latest Repurchases
Coca-Cola Europacific Partners (CCEP) has continued its EUR 1 billion share buyback program, repurchasing 397,500 ordinary shares between September 14 and 18. This brings the total number of shares bought back as part of the program to an undisclosed amount.
The company's latest purchases were made on both U.S. and London trading venues via Goldman Sachs entities. By executing transactions across multiple listings, CCEP is maintaining liquidity while progressing its buyback strategy within applicable market abuse regulations.
The ongoing share repurchase program reflects management's confidence in the company's financial position and cash generation. It is also likely to be viewed positively by investors seeking enhanced shareholder returns and a more efficient capital structure.