NBI Bearings Europe, S.A. announces an Equity Buyback for 2.55% of its issued share capital, for €0.5 million.
April 11, 2017 at 11:27 am EDT
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NBI Bearings Europe, S.A. (BME:NBI) announces a share repurchase program. Under the program, the company will repurchase up to 2.55% of its issued share capital for €0.5 million. The share repurchase program is valid for 180 days and can be extended by additional 90 days.
NBI Bearings Europe SA is a Spain-based company engaged in the bearings production. The Company focuses on the design, development and manufacture of ball and roller bearings for various applications, such as cranes and offshore machinery; gear boxes; industrial machinery; agricultural equipment; tubular stranders, as well as pulleys and shear blocks. The Company's products range includes single row ball bearings; cylindrical, tapered, spherical and needle roller bearings; support rollers; cam followers, as well as cylindrical and spherical roller thrust bearings. In addition, it provides advisory related to bearing selection and dimensions; technical assistance; as well as tailor-made design, among others. The Company is controlled by Pakel Rmi Promocion de Empresas SL.
NBI BEARINGS EUROPE, S.A. 
