Dividends & Buybacks
Bekaert Buyback Adds 35,407 Shares as Kepler Cheuvreux Runs €75 Million Program
By News Desk ·
Key takeaways
- Kepler Cheuvreux bought 35,407 Bekaert shares for the buyback program between November 5 and November 11, 2026, at an average of €40.83.
- Bekaert held 1,890,841 own shares, or 3.83% of shares outstanding, after the market closed on November 11, 2026.
- Under the liquidity agreement, Kepler Cheuvreux bought 2,967 shares and sold 3,400 shares in the same period, leaving a balance of 24,271 shares.
Bekaert said Kepler Cheuvreux bought 35,407 of its shares under its buyback program between November 5 and November 11, 2026, at an average price of €40.83. The Belgian steel wire and tire-reinforcement group announced the purchases in a GlobeNewswire release. Bekaert held 1,890,841 own shares, or 3.83% of shares outstanding, after the market closed on November 11, 2026.
Bekaert's €75 Million Tranche and Kepler Cheuvreux's Role
Bekaert started the latest tranche of the program on February 26, 2026, for a total of up to €75 million, and the company said all repurchased shares will be cancelled. The 35,407 shares cost €1.4 million in total, with prices ranging from €39.75 to €42.20. Purchases ran on Euronext Brussels and the CBOE multilateral trading facility, while no trades were recorded on Turquoise or Aquis.
Kepler Cheuvreux executed the trades on Bekaert's behalf. The brokerage has been expanding its electronic sales trading team, appointing Benjamin Rose as an electronic sales trader for its KCx platform from Rothschild & Co after 13 years, The TRADE reported on November 2, 2026.
Bekaert's Buyback Pace Through October
Bekaert reported on October 30, 2026, that Kepler Cheuvreux bought 36,361 shares and sold 2,200 shares under the buyback and liquidity agreement during October 22-28, with the company holding 1,832,461 shares, or 3.71%, at period end, GlobeNewswire reported. TradingView reported on October 23, 2026, that Kepler Cheuvreux bought 41,000 shares and sold 4,400 shares under the liquidity agreement during October 15-21. GlobeNewswire reported on October 16, 2026, that Kepler Cheuvreux bought 41,500 shares on Bekaert's behalf during October 8-14 under the €75 million program.
Nexteer and Siemens Buyback Disclosures
Peer buyback activity includes Nexteer Automotive, which approved its first share repurchase programme of up to US$60 million, TradingView reported on November 12, 2026. Deutsche Telekom bought 5,223,170 shares in its November 2-6 interim report, FinanzNachrichten.de reported on November 9, 2026. Siemens purchased 359,920 shares between November 2 and 8 in its 19th interim update, FinanzNachrichten.de reported on November 9, 2026.
Bekaert's Dextra Deal Closing
Bekaert signed an agreement on November 5, 2026, to acquire Dextra, a sustainable construction reinforcement provider, for €140 million, with the deal expected to close in the first half of 2027 subject to regulatory approvals, GlobeNewswire reported.