Ferrari buys back 666,666 shares from Exor for Euro 300 million

From GlobeNewswire: 2025-02-27 01:39:57

Ferrari N.V. has announced the repurchase of 666,666 common shares for a total of Euro 300 million in an offering by Exor N.V. This buyback is part of a larger program totaling approximately Euro 2.0 billion and falls within the approved mandate to purchase up to 10% of the Company’s common shares. The transaction is expected to settle on March 3, 2025, and will be financed by Ferrari’s cash on hand. Additional details on the buyback program can be found on Ferrari’s corporate website. A registration statement has been filed with the SEC for the offering of Ferrari’s common shares.



Read more at GlobeNewswire: FERRARI PARTICIPATED AS A PURCHASER IN EXOR’S ACCELERATED