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SBM Offshore NV ( (GB:0NIS) ) just unveiled an update.
SBM Offshore has reported details of its EUR130 million share repurchase program, aimed at reducing share capital and providing shares for employee programs. The initiative, which has completed 74.63% of its target as of mid-January 2025, reflects SBM Offshore’s ongoing commitment to optimizing shareholder value and supporting its workforce.
More about SBM Offshore NV
SBM Offshore is a leading expert in deepwater ocean infrastructure, specializing in the design, construction, installation, and operation of offshore floating facilities. The company is committed to advancing cleaner and more efficient energy production while exploring new markets within the blue economy. With a global workforce of over 7,400 employees, SBM Offshore aims to deliver innovative solutions that balance ocean protection with sustainable progress.
YTD Price Performance: 7.44%
Average Trading Volume: 27,372
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.07B
Find detailed analytics on 0NIS stock on TipRanks’ Stock Analysis page.
