Ferrari (IT:RACE) has released an update.
Ferrari N.V. has reported purchasing additional shares under its substantial €2 billion multi-year share buyback program, with the latest transactions amounting to over €73 million for shares on the Euronext Milan and roughly $3 million on the New York Stock Exchange. As of August 30, 2024, the luxury car manufacturer holds about 5.59% of its total issued share capital in treasury. These buybacks form part of a strategy disclosed during the 2022 Capital Markets Day, aimed at enhancing shareholder value.
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