Reported 1 day ago
Tenaris S.A. has returned $600 million to its shareholders through a share buyback program, completing a significant repurchase of 33.1 million shares, which amounts to 3.08% of its issued capital. This move aims to enhance shareholder value by reducing the number of outstanding shares and is part of a broader $1.2 billion buyback initiative. The company is recognized as a leading supplier of steel pipes in the energy sector.
Source: YAHOO