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Tesco PLC - Welwyn Garden City, England-based supermarket chain - Contracts with Citigroup Global Markets Ltd to run the third tranche of Tesco’s £1 billion share buyback. The third tranche will be worth £400 million. It will be completed by April next year. The second tranche of the buyback, which was run by Goldman Sachs International, was completed on Friday last week. In total, since the programme began in April, Tesco has bought back 188.3 million shares worth £600 million. All shares repurchased will be cancelled to reduce capital. Current stock price: 355.13 pence 12-month change: up 31% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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