Ferrari (IT:RACE) has released an update.
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Ferrari N.V. has actively progressed in its Euro 2 billion multi-year share buyback program, acquiring a substantial number of shares both on the Euronext Milan and the New York Stock Exchange as part of the program’s fifth tranche. As of October 4, 2024, the luxury automaker has invested over Euro 175 million, purchasing 427,669 common shares, and now holds 5.68% of its total issued share capital in treasury. The continuous buybacks reflect Ferrari’s commitment to shareholder value as part of a strategy announced during their 2022 Capital Markets Day.
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