(Alliance News) - Recordati Spa reported Tuesday that it bought back 32,505 of its own ordinary shares between Feb. 26 and March 1.

The shares were taken over at an average unit price of EUR51.3269, for a total consideration of EUR1.7 million.

As of today, the company holds 2.8 million treasury shares, or 1.3 percent of its share capital.

Recordati's stock closed Tuesday at par at EUR51.72 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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