By Joshua Kirby

French construction group Vinci SA said Friday that it will buy back shares with a value up to 200 million euros ($231.5 million) from an investment-services provider.

The company will sell Vinci the shares no later than Oct. 25, at an average per-share price based on market prices over the period, with a guaranteed discount, and at no more than the price set by Vinci's shareholders at the company's meetings.

The buyback is part of wider program of share repurchases, Vinci said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

10-01-21 1225ET