Carrefour announces that it has entrusted an investment services provider (ISP) with a mandate to buy back shares over a period starting March 4, in line with the program for a maximum of 700 million euros announced alongside its annual results.

"This new share buyback program reflects management's confidence in the Group's operating performance, structural free cash flow generation and outlook", states the retail giant.

Carrefour specifies that this program will be carried out, subject to market conditions, during fiscal year 2024, and executed in several tranches. The repurchased shares will be held for cancellation.

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