(Alliance News) - GPI Spa announced Wednesday that FM Srl, of which GPI CEO Fausto Manzana is chairman and chief executive officer, has purchased 4,600 ordinary shares in the company.

The shares were taken over at an average unit price of EUR7.40, for a total value of about EUR34,000.

GPI's stock closed Wednesday up 0.5 percent at EUR7.53 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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