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SBM Offshore NV ( (GB:0NIS) ) just unveiled an update.
SBM Offshore N.V. has provided an update on its EUR130 million share repurchase program, highlighting transactions conducted between February 6 and February 12, 2025. The program, which aims to reduce share capital and provide shares for management and employee programs, has completed 80.56% of its intended repurchase. The company has so far repurchased shares worth EUR104.73 million, with a cumulative average repurchase price of EUR15.84. This initiative is part of SBM Offshore’s broader strategy to enhance shareholder value and optimize its capital structure.
More about SBM Offshore NV
SBM Offshore is recognized as 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 also exploring new markets within the blue economy. With over 7,400 employees worldwide, SBM Offshore focuses on delivering innovative and sustainable solutions that balance ocean protection with progress.
YTD Price Performance: 9.61%
Average Trading Volume: 26,343
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.19B
For an in-depth examination of 0NIS stock, go to TipRanks’ Stock Analysis page.
