Tenaris Completes Significant Share Buyback

Tenaris SA (TS) has released an update.

Tenaris S.A., a global leader in the supply of steel tubes and services, has actively pursued its Share Buyback Program, buying back 4,644,377 shares for a total of €71,986,806 (USD 78,102,472) from May 27 to May 31, 2024. As a result, the company now holds 2.26% of its total issued share capital in treasury, with plans to cancel all repurchased shares. This aggressive buyback activity highlights Tenaris’s commitment to shareholder value and its confidence in the company’s financial health.

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