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SBM Offshore NV ( (NL:SBMO) ) has issued an update.
SBM Offshore has announced details of its EUR130 million share repurchase program, which aims to reduce share capital and support management and employee share programs. As of March 12, 2025, 86.70% of the program has been completed, with a cumulative repurchase amount of EUR112.7 million. This initiative reflects SBM Offshore’s strategic efforts to manage its capital structure and enhance 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 is committed to advancing cleaner and more efficient energy production and exploring new markets within the blue economy, with a focus on sustainability and ocean protection.
YTD Price Performance: 14.95%
Average Trading Volume: 32,924
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.35B
For detailed information about SBMO stock, go to TipRanks’ Stock Analysis page.