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An announcement from Green Oleo S.P.A. ( (IT:GRN) ) is now available.
Green Oleo S.P.A. announced an update on its share buyback program, revealing the purchase of 16,500 shares between February 17 and February 21, 2025, at an average price of 0.8491 euros per share. This buyback represents 0.051% of the company’s share capital, with the company now holding 1.122% of its own shares. The program, initiated in May 2024, is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Green Oleo S.P.A.
Green Oleo S.P.A., established in 2012 and based in Cremona, is a leading European producer of fine oleochemicals derived from renewable and biodegradable sources. The company utilizes raw materials such as acid oils from the food industry to produce oleochemical products like distilled fatty acids, stearic acids, oleic acid, glycerines, and fatty acid derivatives. Green Oleo serves various industrial sectors, including detergents, elastomers, candles, paints, rubber and tires, personal care, and cosmetics, with a production capacity of 65,000 tons annually.
YTD Price Performance: -7.61%
Average Trading Volume: 30,034
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €27.5M
For a thorough assessment of GRN stock, go to TipRanks’ Stock Analysis page.