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SBM Offshore NV ( (GB:0NIS) ) just unveiled an announcement.
SBM Offshore N.V. has announced details of its EUR130 million share repurchase program for the week ending January 29, 2025, as part of its objective to reduce share capital and support management and employee share programs. The program, which began on March 1, 2024, and was increased in August 2024, has achieved 77.62% completion. The recent transactions, conducted on Euronext Amsterdam and other platforms, reflect the company’s commitment to strategic financial management and offer insight into its operational efficiency.
More about SBM Offshore NV
SBM Offshore is a leading company in the deepwater ocean infrastructure industry, specializing in the design, construction, installation, and operation of offshore floating facilities. The company focuses on delivering cleaner and more efficient energy production and is committed to advancing sustainable practices and unlocking new markets in the blue economy. With a workforce of over 7,400 employees, SBM Offshore aims to balance ocean protection with progress, providing innovative solutions for a sustainable future.
YTD Price Performance: 5.04%
Average Trading Volume: 25,726
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.05B
See more insights into 0NIS stock on TipRanks’ Stock Analysis page.
