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Dow Jones Newswires: Pernod Ricard launches $320 million share buyback

Pernod Ricard SA will begin a share buyback worth up to 300 million euros ($320.9 million) Monday, part of a EUR750 million program for the fiscal year.

The French distiller
RI,
+0.23%

will buy back the share over a period extending to April 6 at the latest. The price paid per share will be a maximum of EUR320, Pernod Ricard said.

The group at its fiscal first-half results last week had flagged the imminent launch of the buyback, part of a EUR750 million program for fiscal 2023. The tranche follows an initial EUR150 million buyback carried out last year.

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

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