(Alliance News) - Saccheria F.lli Franceschetti Spa announced Monday that it has bought back 16,500 of its own shares.

The shares were taken over at an average gross price of about EUR1.2945 per share and a total value of EUR21,390.00.

As a result of these purchases, the company directly holds 31,500 of its own shares, representing approximately 0.4 percent of the share capital

Saccheria F.lli Franceschetti is up 4.0 percent to EUR1.30 per share.

By Chiara Bruschi, Alliance News reporter

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