GEL SpA (IT:GEL) has released an update.
GEL S.p.A. has announced a voluntary and partial tender offer to repurchase 880,000 of its own shares, representing 12.23% of its share capital, at €1.70 per share. This offer includes a premium over recent market prices and is part of the company’s strategic financial management. Shareholders will vote on this initiative in the upcoming meetings scheduled for November 2024.
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