(Alliance News) - Recordati Spa reported that it bought back 23,326 of its own ordinary shares between March 25 and March 29.

The shares were taken over at an average price per share of EUR51.6585, for a total consideration of EUR1.2 million.

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

Recordati's stock is down 2.2 percent at EUR48.74 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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