Ferrari ( (IT:RACE) ) has shared an announcement.
On February 27, 2025, Ferrari N.V. announced its participation in Exor N.V.’s accelerated bookbuild offering by repurchasing 666,666 common shares for approximately Euro 300 million, financed through its cash reserves. This transaction marks the seventh tranche of Ferrari’s multi-year share buyback program, initially announced in 2022, and aligns with the shareholder-approved mandate to purchase up to 10% of the company’s common shares. The transaction is set to settle on March 3, 2025, and reflects Ferrari’s ongoing strategy to manage its share capital while maintaining its industrial free cash flow generation.
More about Ferrari
Ferrari N.V. is a renowned luxury sports car manufacturer based in Maranello, Italy. The company is known for its high-performance vehicles and has a strong market presence in the automotive industry, focusing on producing exclusive and high-end sports cars.
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