Ferrari (IT:RACE) has released an update.
Ferrari N.V. has actively continued its share buyback program, purchasing a total of 46,419 common shares for an investment of approximately €19.77 million, as part of the ongoing multi-year initiative to buy back shares worth nearly €2 billion by 2026. As of September 30, 2024, Ferrari holds 5.65% of its total issued share capital in treasury. The buyback aligns with the company’s capital allocation strategy as outlined during the 2022 Capital Markets Day.
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