Supermarkets

Tesco commences £500m share buyback

The grocer had previously said when it published its half-year results on 6 October 2021, that it could now afford to start the first tranche of its buyback after a ‘successful’ trading period

Tesco has announced that it has entered into an arrangement with Citigroup Global Markets Limited to repurchase a total of £500m shares on behalf of the company.

The supermarket chain claimed that the shares will be bought back in its entirety no later than October 2022.

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