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The latest announcement is out from SBM Offshore NV ( (GB:0NIS) ).
SBM Offshore announced the details of its EUR130 million share repurchase program for the week ending January 22, 2025. The program, aimed at reducing share capital and providing shares for management and employee programs, has completed 76.09% as of the announcement date. The weekly repurchase involved 104,569 shares, costing approximately EUR 1.89 million. This initiative reflects the company’s strategic financial management and commitment to enhancing shareholder value.
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 focuses on delivering cleaner and more efficient energy production while pioneering new markets within the blue economy. With a workforce of over 7,400 individuals worldwide, SBM Offshore is committed to innovation and sustainable development, balancing ocean protection with progress.
YTD Price Performance: 6.99%
Average Trading Volume: 25,819
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.11B
For a thorough assessment of 0NIS stock, go to TipRanks’ Stock Analysis page.
