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Nekkar ASA ( (DE:0TT) ) just unveiled an update.
Nekkar ASA has renewed its share buy-back program, authorized by its Board of Directors, allowing the purchase of up to 10,742,711 shares with a maximum budget of NOK 100 million. The program, managed by an independent third party, aims to enhance corporate purposes and was initiated on June 2, 2025, with completion expected by May 30, 2026. As of week 34, 2025, Nekkar acquired 77,800 shares, bringing its total holdings to 6.323% of the company, reflecting 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, focusing on sustainable oceans, robotics, intelligent logistics, and digital solutions. With a 50-year heritage from Syncrolift, Nekkar employs a buy-to-own strategy to build long-term value, supporting operating companies with a strong balance sheet and reinvesting strategically for profitability and growth.
YTD Price Performance: 5.97%
Average Trading Volume: 95,660
Current Market Cap: NOK1.14B
For a thorough assessment of 0TT stock, go to TipRanks’ Stock Analysis page.