Ferrari (IT:RACE) has released an update.
Ferrari N.V. has been actively purchasing shares under its Euro 250 million buyback program, which is part of a larger Euro 2 billion multi-year initiative set to conclude by 2026. As of September 20, 2024, the luxury carmaker has acquired over 310,000 shares on the Euronext Milan and New York Stock Exchange, holding 5.63% of its total issued share capital in treasury. The buyback program aims to provide value to shareholders and reflects confidence in the company’s financial strength.
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