Salini Impregilo today launches the program for the purchase of ordinary treasury shares approved by the shareholders' meeting on 19 September.
As a result of the transaction, the group's stock on the Stock Exchange gained more than three percentage points at the start of the day, to 2,924 euros.
The buyback will come up to 10% of ordinary capital. The company underlines that small and medium-sized M&A operations are also among the objectives.
"With the launch of the treasury share purchase plan, the company intends to seize investment opportunities where there are significant misalignments of the share value with respect to the fundamental value", explains the group's managing director in a note. Pietro Salini.
“The shares purchased can also be used for small/mid size M&A operations, aimed at strengthening the order portfolio and enhancing its international presence”, concludes the company's number one.
