Irsa Inversiones Y Representaciones (IRS) has released an update.
IRSA Inversiones y Representaciones S.A. plans to buy back up to 10% of its shares, investing a maximum of ARS 6.5 billion, to stabilize its share price and align it with the company’s asset value as determined by independent appraisers. The share repurchase is guided by the Argentine securities regulator’s rules and will be funded through the company’s distributable profits and reserves, ensuring the company’s solvency. The buyback program aims to mitigate market volatility and reflect the true economic value of IRSA’s assets.
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