By  on March 20, 2008

MILAN — Benetton Group SpA said Wednesday it would propose to buy back up to 10 percent of its share capital at its annual meeting next month.

Benetton said the proposed buyback of up to 18 million ordinary shares would run for a period of 18 months; enable the purchase of a portfolio of treasury shares, "considering this to be a strategic investment capable of producing added value for shareholders," and serve any share incentive schemes. Benetton said it does not currently hold any treasury shares.

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