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Jan. 20, 2020, 2:58 a.m. EST

Accor launches €300 million share buyback

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By Olivia Bugault

Accor SA said Monday that it has launched a share buyback of up to 300 million euros ($332.6 million).

The program is part of a larger plan announced in December to return EUR1 billion to shareholders over the next two years, the French hotel group /zigman2/quotes/203800565/delayed FR:AC +0.73%   said.

The share purchase price shouldn’t exceed EUR70 during the program from Jan. 20 to June 30, Accor said.

/zigman2/quotes/203800565/delayed
FR : France: Euronext Paris
28.93
+0.21 +0.73%
Volume: 819,111
Sept. 21, 2021 5:36p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
€7.52 billion
Rev. per Employee
€106,316
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