Lottomatica Lifts Treasury Stake Above 6.6% With New Buyback Tranche
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Lottomatica Group S.p.A. has increased its treasury stake to 6.61% by repurchasing 90,000 shares at an average price of €27.60, totaling approximately €2.48 million. This buyback, executed by Goldman Sachs International, is part of an ongoing capital-management strategy aimed at enhancing earnings per share and demonstrating confidence in the company's valuation. The company, active in the Italian gaming market, aims to utilize these treasury shares for future corporate actions. Analysts rate the stock as a Buy with a target price of €33.50.
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