(Alliance News) - Terna Spa announced Friday that the shareholders' meeting authorized the board of directors to purchase and subsequent disposition of up to 1.6 treasury shares for a total outlay of up to EUR8 million.

The share buyback was allowed for eighteen months from today.

Terna's stock rises 1.8 percent to EUR7.86 per share.

By Chiara Bruschi, Alliance News reporter

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