Tenaris (TS) has released an update.
Tenaris S.A. has finalized the second tranche of its share buyback program, acquiring 16,367,003 shares for approximately €277 million or $300 million. The shares obtained during this phase are expected to be canceled following an upcoming extraordinary general meeting, in line with the previous cancellation of shares bought in the first tranche. Additionally, Tenaris is preparing to initiate the third tranche of the buyback program soon.
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