SBM Offshore NV ( (GB:0NIS) ) has issued an announcement.
SBM Offshore has provided an update on its EUR130 million share repurchase program, which aims to reduce share capital and support management and employee share programs. As of March 5, 2025, the company has completed 84.90% of the program, repurchasing a cumulative amount of EUR110.37 million. This strategic move is expected to enhance shareholder value and strengthen SBM Offshore’s market position.
More about SBM Offshore NV
SBM Offshore is a global leader 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 over 7,800 employees worldwide, SBM Offshore aims to balance ocean protection with sustainable progress.
YTD Price Performance: 18.69%
Average Trading Volume: 31,057
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.45B
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