(Alliance News) - BFF Bank Spa informed Wednesday that it has obtained the okay to purchase its own shares from the Bank of Italy, in execution of the authorization from the ordinary shareholders' meeting in March, up to the maximum amount of EUR2.8 million.

The shares are to support remuneration and incentive policies.

BFF closed Wednesday's session in the green by 3.7 percent at EUR8.80 per share.

By Maurizio Carta, Alliance News reporter

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