October 7 - Luxembourg registered offshore engineering company Subsea 7 has initiated a share repurchase programme of up to USD200 million.

The programme will be carried out over the next 12 months and the repurchased shares will be held in treasury. The programme is part of the company's focus on capital discipline, says a Subsea 7 statement.
 
The shares will be acquired on the open market on the Oslo Børs.

 www.subsea7.com

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