Pepco launches tender buyback of up to €400 million
The buyback aims to return surplus capital to shareholders while maintaining strategic flexibility.
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The buyback aims to return surplus capital to shareholders while maintaining strategic flexibility.
The deal includes an 18-month vendor financing facility and Pepco retains 35% of future sale proceeds.
Like-for-like growth excluding FMCG was 5.4%, with strong Western Europe performance and improved margins.
The board replenished the authorization, with $700 million remaining under the prior program.
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