By  on October 29, 2018

PARIS — Kering said on Monday it plans to buy back up to 1 percent of its share capital over a 12-month period.

The French luxury group has signed an agreement to buy back a first tranche of 631,000 shares, equivalent to around 0.5 percent of its share capital, for a maximum of 300 million euros. The purchase period begins on Oct. 29 and has a maximum duration of four months. Kering plans to cancel the shares.

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