Webuild SpA Announces Share Buyback

Webuild SpA ( (IT:WBD) ) has shared an update.

Webuild SpA announced the purchase of 111,000 of its own ordinary shares, representing 0.011% of its ordinary share capital, for a total value of €290,583.79. This buyback reflects the company’s strategic financial management and could impact its market positioning by potentially increasing shareholder value. As of April 11, 2024, Webuild holds 26,418,437 ordinary shares, which is 2.596% of its ordinary share capital.

More about Webuild SpA

Webuild SpA is a global leader in the design and construction of large complex infrastructures, focusing on sustainable mobility, hydroelectric energy, water management, and green buildings. The company operates in about 50 countries, employing over 92,000 people, and has a history of completing over 3,700 projects worldwide. Webuild is recognized for its expertise in the water sector and is involved in significant projects such as the expansion of the Panama Canal and the Brenner Base Tunnel.

YTD Price Performance: -2.53%

Average Trading Volume: 382,012

Technical Sentiment Signal: Strong Sell

Current Market Cap: €2.79B

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