Ferrari N.V. Completes Second Tranche and Announces Third Tranche of Multi-Year Share Repurchase Program

AI-generated NewsSnap summary based on source reporting.
Published: 2026-09-01T21:02:10Z
Category: business
Source: Fidelity Investments (citing MT Newswires)

Ferrari N.V. (NYSE: RACE) has completed the second tranche of its multi-year share repurchase program, with a total consideration of €199,999,777.22 for 655,884 common shares purchased on the EXM and USD 58,001,993.62 (€49,999,442.96) for 159,855 common shares purchased on the NYSE. The company also announced the commencement of the third tranche of the program. As of August 28, 2026, Ferrari held 1,590,804 common shares in treasury, representing 0.90% of total issued common shares.

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