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What is Ferrari Announces €350M Share Buyback about?
Ferrari N.V. announced a fourth tranche of its multi-year share buyback program, amounting to up to Euro 350 million, set to begin on November 8, 2023, and conclude by June 26, 2024. This tranche includes a non-discretionary buyback agreement for Euro 250 million on the EXM market and an additional mandate for Euro 100 million on the NYSE. The program is part of a broader initiative authorized by shareholders to repurchase up to 10% of the company
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