(Alliance News) - Recordati Spa reported Tuesday that it bought back 89,437 of its own ordinary shares between June 10 and June 14.

The shares were taken over at an average unit price of EUR48.7788, for a total consideration of EUR4.4 million.

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

Recordati's stock closed Tuesday up 2.1 percent at EUR48.40 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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