Ferrari (IT:RACE) has released an update.
Ferrari N.V. continues its aggressive share buyback strategy, purchasing a substantial number of shares under its Euro 350 million fourth tranche, part of a larger Euro 2 billion program set to conclude by 2026. As of early June 2024, the luxury car manufacturer has invested over Euro 230 million on Euronext Milan and nearly USD 100 million on the New York Stock Exchange, securing a total of nearly 900,000 shares. This move has resulted in Ferrari holding 5.48% of its total issued share capital in treasury.
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