Pernod Ricard launches $320 million share buyback

Pernod Ricard SA will start a share buyback value as much as 300 million euros ($320.9 million) Monday, a part of a EUR750 million program for the fiscal yr.

The French distiller
will purchase again the share over a interval extending to April 6 on the newest. The value paid per share can be a most of EUR320, Pernod Ricard stated.

The group at its fiscal first-half outcomes final week had flagged the upcoming launch of the buyback, a part of a EUR750 million program for fiscal 2023. The tranche follows an preliminary EUR150 million buyback carried out final yr.

Write to Joshua Kirby at; @joshualeokirby

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