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Carrefour, Europe’s largest food retailer, said it would buy back up to 500 million euros ($601.40 million) of its shares this year, reflecting confidence in the success of its turnaround plan following a strong first quarter.
Carrefour, which last month agreed to buy Brazil’s third-biggest food retailer Grupo BIG for about $1.3 billion, also maintained its financial and operational targets under its ‘Carrefour 2022’ strategic plan.
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