Italy's Ifil launches buyback for 150 mln euros

Newswire

MILAN, Feb 18 (Reuters) - The board of Ifil , the holding company that controls Italian automaker Fiat , approved on Monday the launch of a buyback programme for up to 150 million euros ($219.4 million), Ifil said in a statement. Ifil said the programme would run until Nov. 13 and would target both ordinary and savings shares. It said it would buy the shares on the market within a 15 percent price range from the previous session's reference price. Ifil currently holds 1.23 percent of its ...

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