(Alliance News) - Tenaris NV announced Friday that between Feb. 26 and March 1 it purchased 5.0 million shares.

The shares were purchased at an average price of EUR16.5591 for a total value of EUR82.2 million.

As a result of these purchases, the company holds 22.4 million ordinary shares, or 1.9 percent of its share capital.

Tenaris' stock on Friday closed in the green by 0.3 percent at EUR16.48 per share.

By Chiara Bruschi, Alliance News reporter

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