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Ferrari: to launch share buyback plan

(CercleFinance.com) - Ferrari will launch a share buyback program of up to 100 million euros, in a move intended to optimize its capital structure, the Italian luxury sports car maker said on Friday.

The program - which will be funded by its free cash - is expected to expire on 13 October, it said.

Ferrari shares are listed both on the Italian Stock Exchange and the New York Stock Exchange.

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