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Accor SA said Monday that it has launched a share buyback of up to 300 million euros ($332.6 million).
The program is part of a larger plan announced in December to return EUR1 billion to shareholders over the next two years, the French hotel group AC, -0.15% said.
The share purchase price shouldn’t exceed EUR70 during the program from Jan. 20 to June 30, Accor said.
