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Convergenze SpA Societa Benefit ( (IT:CVG) ) has shared an update.
Convergenze S.p.A. Società Benefit has executed a purchase of 500 of its own shares, valued at 1.6300 Euros per share, as part of a broader share buyback program approved in December 2023. This acquisition increases its holding to 133,000 shares, representing 1.774% of its share capital. The share buyback reflects the company’s strategic efforts to manage its capital structure and enhance shareholder value, aligning with its commitment to sustainability and corporate responsibility.
More about Convergenze SpA Societa Benefit
Convergenze S.p.A. Società Benefit is an integrated technology operator active in the telecommunications and 100% green energy sectors. The company is nationally present with its patented EVO electric vehicle network and proprietary fiber optic network. Founded in 2005, Convergenze has expanded its operations from telecommunications to green energy, focusing on sustainability, corporate social responsibility, and aims to contribute to a regenerative economic system.
YTD Price Performance: -1.23%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €12.14M
For a thorough assessment of CVG stock, go to TipRanks’ Stock Analysis page.
