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Reti SpA ( (IT:RETI) ) has issued an announcement.
Reti SpA, a leading Italian IT consulting company, announced the purchase of 1,500 of its own shares as part of a buyback program approved earlier in the year. This acquisition, executed through Integrae SIM S.p.A., brings Reti’s total ownership to 306,000 shares, representing 2.448% of its share capital. The move is part of Reti’s strategy to manage its share capital and reflects its ongoing commitment to enhancing shareholder value.
More about Reti SpA
Established in Busto Arsizio in 1994, Reti (RETI:IM) is a prominent Italian IT consulting firm specializing in System Integration services. Listed on Euronext Growth Milan, Reti supports digital transformation for mid to large corporations, offering IT solutions, business consulting, and managed services. The company serves over 100 loyal clients in sectors like BFSI, IT, Telco, and Manufacturing, and maintains partnerships with major IT vendors such as Microsoft and Cisco. Reti is distinguished by its ‘technological CAMPUS,’ which includes a Reti Academy for training professionals, and focuses on sustainable digital transformation and innovation.
Average Trading Volume: 10,810
Technical Sentiment Signal: Sell
Current Market Cap: €18.37M
See more insights into RETI stock on TipRanks’ Stock Analysis page.