Dow Jones Newswires: Accor launches €300 million share buyback

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 said. Read More...

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.