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SBM Offshore NV ( (GB:0NIS) ) has provided an update.
SBM Offshore has provided an update on its EUR130 million share repurchase program, aimed at reducing share capital and supporting management and employee share programs. As of February 5, 2025, the company has completed 79.11% of the program, having repurchased 6,511,280 shares at an average price of EUR 15.79. This action is expected to influence the company’s operational focus and market positioning by optimizing capital structure and enhancing 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 unlocking new markets within the blue economy. Over 7,400 employees work worldwide to deliver innovative solutions that balance ocean protection with progress.
YTD Price Performance: 8.74%
Average Trading Volume: 25,406
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.17B
Learn more about 0NIS stock on TipRanks’ Stock Analysis page.
