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Nekkar ASA ( (DE:0TT) ) just unveiled an update.
Nekkar ASA has announced the renewal of its share buy-back program, authorized by its Board of Directors, allowing for the purchase of up to 10,742,711 shares with a maximum budget of NOK 100 million. This initiative, managed by an independent third party, aims to enhance corporate value and is expected to conclude by May 30, 2026. During the recent week, Nekkar acquired 227,000 shares, bringing its total holdings to 8,662,694 shares, which represents 8.064% of the company, indicating a strategic move to strengthen its market position and shareholder value.
More about Nekkar ASA
Nekkar ASA is an industrial long-term owner of ocean-based technology companies. The company invests in and develops technology businesses within sustainable oceans, robotics and intelligent logistics, and digital solutions. With a 50-year industrial heritage from Syncrolift, Nekkar applies an active buy-to-own strategy to build long-term value. The group supports empowered operating companies with a strong balance sheet and reinvests strategically to ensure profitability and sustainable growth. As a publicly listed company, Nekkar has a proven track record of shareholder value creation through disciplined M&A, financial management, and capital allocation.
YTD Price Performance: 5.47%
Average Trading Volume: 199,547
Current Market Cap: NOK1.14B
See more insights into 0TT stock on TipRanks’ Stock Analysis page.