Carrefour Continues €700 Million Share Buyback Program

On February 20, 2024, Carrefour announced a share buyback plan worth €700 million. Between March 4 and September 16, 2024, the company repurchased 38.5 million shares for a total of €563 million.

The group has now signed a share buyback mandate with an investment service provider to extend the buyback program. The new purchase period starts on September 18, 2024. All purchased shares will be held for future cancellation.

This move continues Carrefour's strategy to manage its capital structure and deliver shareholder value. The program is seen as a way to use excess liquidity efficiently and potentially boost the company's stock price.