SBM Offshore NV (GB:0NIS) has released an update.
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SBM Offshore NV has progressed nearly halfway through its EUR 130 million share repurchase program, with EUR 61.6 million worth of shares bought back as of October 9, 2024. The company, which specializes in floating offshore energy facilities, aims to reduce share capital and provide shares for management and employee programs. Over the past week, SBM Offshore repurchased 123,139 shares at an average price of EUR 17.04 per share.
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