Tenaris (TS) has released an update.
Tenaris S.A. has announced the repurchase of 49,743 ordinary shares for €919,782 (approximately USD 989,651) as part of its ongoing Second Tranche Share Buyback Program. The company’s treasury now holds 29,905,895 shares, representing 2.53% of the total issued share capital, with an intention to cancel all acquired shares. This financial move is part of the company’s strategy to manage its share capital and provide value to its shareholders.
For further insights into TS stock, check out TipRanks’ Stock Analysis page.
