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Vantea SMART S.p.A. Acquires Own Shares in Strategic Buyback

Story Highlights
  • Vantea SMART focuses on Cybersecurity and offers services like Identity Management.
  • The company bought 8,347 shares, impacting its market position by holding 3.246% of its own shares.
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Vantea SMART S.p.A. Acquires Own Shares in Strategic Buyback

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Vantea Smart S.p.A. ( (IT:VNT) ) just unveiled an update.

Vantea SMART S.p.A. announced the purchase of 8,347 own shares, valued at 10,228.92 Euros, as part of a share buyback program approved by shareholders. This move, executed through Integrae SIM S.p.A., reflects the company’s strategic financial management and could impact its market positioning by consolidating its share capital, now holding 3.246% of its own shares.

More about Vantea Smart S.p.A.

Vantea SMART S.p.A. is an innovative SME in the Information Technology sector, primarily focusing on Cybersecurity. The company, listed on Euronext Growth Milan, specializes in the migration and management of infrastructure architectures and offers a range of cybersecurity services and products, including Identity and Access Management and proprietary platforms like Infosync and KubeX. With a history dating back to 1993, Vantea SMART serves critical infrastructure clients across various industries and operates through four business units that leverage synergies and cross-selling opportunities.

Average Trading Volume: 12,981

Technical Sentiment Signal: Sell

Current Market Cap: €15.8M

See more insights into VNT stock on TipRanks’ Stock Analysis page.

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