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Ferrari ( (IT:RACE) ) has provided an announcement.
On February 26, 2025, Ferrari announced its participation in Exor’s accelerated bookbuild offering by repurchasing up to 10% of Exor’s total offering, amounting to a maximum of Euro 300 million. This move is part of Ferrari’s ongoing Euro 2.0 billion share buyback program, marking the seventh tranche, and will be financed by the company’s cash reserves. The repurchase is aligned with Ferrari’s strategic plan and does not impact its financial capabilities, reinforcing its commitment to enhancing shareholder value.
More about Ferrari
Ferrari N.V. is a leading company in the luxury automotive industry, renowned for its high-performance sports cars. The company focuses on producing premium vehicles and maintaining a strong presence in the global luxury car market.
YTD Price Performance: 21.15%
Average Trading Volume: 295,540
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $122B
Find detailed analytics on RACE stock on TipRanks’ Stock Analysis page.
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