By David Sachs

Credit Agricole will launch a buyback program on Friday, it said.

The French bank said Thursday that the program tops out at 26.8 million ordinary shares and will end by Jan. 12, 2024.

The transaction is intended to offset the dilutive effect of the 2023 capital increase reserved for employees, Credit Agricole said.

Write to David Sachs at david.sachs@wsj.com

(END) Dow Jones Newswires

October 05, 2023 12:11 ET (16:11 GMT)

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