Ferrari Suspends Multiyear Share Buyback Program
April 02 2020 - 1:42AM
Dow Jones News
By Olivia Bugault
Ferrari NV said late Wednesday that it has decided to
temporarily suspend its multiyear share buyback program in its
third tranche.
Consequently, Ferrari has also "early terminated the 150 million
euros ($167 million) nondiscretionary share repurchase agreement in
place with a primary financial institution on the MTA market," the
Italian car maker said.
Ferrari will announce later the date of reopening of its share
buyback program, it said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
April 02, 2020 01:27 ET (05:27 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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