Cresud Sociedad (CRESY) has released an update.
Cresud Sociedad Anónima has announced a share buyback plan, aiming to acquire up to 10% of its capital stock with an investment cap of ARS 6.5 billion. This strategic move seeks to strengthen the company’s market position and stabilize its stock value, which is currently undervalued relative to its assets. The acquisitions will be funded through the company’s existing earnings and reserves, ensuring no impact on its financial stability.
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