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SBM Offshore NV ( (NL:SBMO) ) has provided an update.
SBM Offshore has announced details of its EUR130 million share repurchase program, which aims to reduce share capital and support management and employee share programs. As of March 19, 2025, the company has completed 88.50% of the program, repurchasing over 7 million shares at an average price of EUR 16.11. This initiative reflects SBM Offshore’s strategic focus on enhancing shareholder value and optimizing its capital structure.
More about SBM Offshore NV
SBM Offshore is a leading expert 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 while exploring new markets within the blue economy. With over 7,800 employees worldwide, SBM Offshore aims to deliver innovative solutions that balance ocean protection with progress.
YTD Price Performance: 20.02%
Average Trading Volume: 49,536
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.49B
For an in-depth examination of SBMO stock, go to TipRanks’ Stock Analysis page.