GEL SpA Authorizes Share Buyback and Cancellation

GEL SpA (IT:GEL) has released an update.

GEL SpA has announced the authorization to purchase up to 880,000 of its own shares, representing 12.23% of its share capital, through a voluntary public purchase offer. The company also approved the cancellation of 455,625 existing shares in its portfolio, along with the newly acquired shares, without reducing share capital.

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