Bekaert Updates on Share Buyback and Liquidity Agreement Progress

Bekaert SA ( (GB:0OQJ) ) just unveiled an announcement.

Bekaert has provided an update on its share buyback program, revealing that between January 31 and February 5, 2025, they repurchased 39,886 shares to cancel them. The aim is to strengthen their market standing and enhance shareholder value. Additionally, under the renewed liquidity agreement with Kepler Cheuvreux, Bekaert bought 3,900 shares and sold 4,400 shares during the same period, holding 2,504,100 shares, or 4.61% of the total outstanding shares by the end of the period.

More about Bekaert SA

Bekaert is a global leader in material science, specializing in the transformation and coating of steel wire. The company extends its expertise to innovative materials and services in markets such as new mobility, low-carbon construction, and green energy. Established in 1880 and headquartered in Belgium, Bekaert employs 24,000 people worldwide, generating €5.3 billion in sales in 2023.

YTD Price Performance: 1.85%

Average Trading Volume: 2,013

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €1.69B

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