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Green Oleo S.P.A. ( (IT:GRN) ) has shared an update.
Green Oleo S.P.A. announced an update on its share buyback program, revealing the purchase of 6,000 shares, representing 0.019% of its share capital, at an average price of 0.8413 euros per share. This strategic move is part of an 18-month program initiated in May 2024, aiming to enhance shareholder value and optimize capital structure. As of February 28, 2025, Green Oleo holds 369,000 own shares, equating to 1.141% of its share capital, reflecting its commitment to strengthening its market position and delivering value to its stakeholders.
More about Green Oleo S.P.A.
Green Oleo S.P.A., based in Cremona, is a prominent European producer of fine oleochemicals derived from renewable and biodegradable sources. Established in 2012, the company utilizes local raw materials, primarily by-products from the food industry, to produce a variety of oleochemical products. These include distilled fatty acids, stearic acids, oleic acid, glycerines, and esters. Green Oleo serves industrial clients across sectors such as detergents, elastomers, candles, paints, rubber and tires, personal care, and cosmetics.
YTD Price Performance: -8.70%
Average Trading Volume: 31,463
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €27.17M
For a thorough assessment of GRN stock, go to TipRanks’ Stock Analysis page.