Tesco PLC (TSCDY.PK), a retailer of consumer goods, on Wednesday announced the launch of the third tranche of its existing £1.45 billion share buyback programme, with a value of up to £350 million.
The company said it has entered into an arrangement with Citigroup Global Markets Limited to repurchase shares on its behalf.
Tesco completed the second tranche on November 5 and has repurchased shares worth nearly £1.1 billion under earlier phases of the programme.
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