Bekaert Completes First Tranche of Share Buyback Program

Bekaert SA ( (GB:0OQJ) ) has provided an announcement.

Bekaert SA has completed the first tranche of its €200 million share buyback program, repurchasing 750,093 shares for €25 million. The company has announced the start of the second tranche, also valued at €25 million, which is expected to conclude before May 14, 2025. This strategic move aims to destroy repurchased shares, potentially impacting the company’s stock value and market perception. Additionally, under a liquidity agreement, Bekaert has been actively buying and selling shares, holding 2,595,695 own shares, representing 4.78% of its total outstanding shares.

More about Bekaert SA

Bekaert SA is a global technology company founded in 1880 and headquartered in Belgium. It is a market and technology leader in steel wire transformation and coating technologies, with applications in new mobility, sustainable construction, and energy transition. The company employs 21,000 people worldwide and reported a consolidated revenue of €4.0 billion in 2024.

YTD Price Performance: 5.41%

Average Trading Volume: 2,103

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €1.75B

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