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Convergenze SpA Societa Benefit ( (IT:CVG) ) has shared an update.
Convergenze S.p.A. Società Benefit announced the purchase of 2,000 of its own shares for a total value of 3,745 Euro, which is part of a share buyback program approved in December 2023. This transaction, executed through Integrae SIM S.p.A., represents 1.721% of the company’s share capital and underscores the company’s strategic financial management aimed at enhancing shareholder value while maintaining compliance with regulatory provisions.
More about Convergenze SpA Societa Benefit
Convergenze S.p.A. Società Benefit is an integrated technology operator active in the 100% green Telecommunications and Energy sectors. The company operates nationally in Italy with a focus on sustainability, offering electric car charging points through its patented EVO network and providing internet, fixed voice services, and renewable energy solutions. Founded in 2005 and headquartered in Capaccio Paestum, Convergenze emphasizes innovation and corporate social responsibility, having become a Benefit Corporation in 2020.
YTD Price Performance: 1.23%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €12.82M
Learn more about CVG stock on TipRanks’ Stock Analysis page.
