(Alliance News) - Assicurazioni Generali Spa announced on Friday that it purchased 1.5 million of its own ordinary shares between March 2 and March 4.

The shares were acquired at an average unit price of EUR34.26, for a total value of EUR52.6 million.

To date, the company holds 53.8 million treasury shares, representing 3.5% of its share capital.

Assicurazioni Generali's stock closed down 1.8% at EUR33.13 on Friday.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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