GEL SpA (IT:GEL) has released an update.
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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.
For further insights into IT:GEL stock, check out TipRanks’ Stock Analysis page.