Tenaris Completes $300M Share Buyback Tranche

Tenaris Completes First Phase of Share Buyback Program

Tenaris S.A., a global manufacturer of steel pipes, has successfully completed the first segment of its share buyback program. The company announced that it has acquired 17,779,302 ordinary shares at a total cost of approximately €276.2 million, or $300 million. This initial phase of the buyback program began on November 6, 2023, and concluded on January 12, 2024.