Harbour Energy to buy 53 million shares from BASF as stake sale cuts BASF holding
Harbour Energy is expanding its capital return activity with an off-market share purchase tied to BASF's sale of stock to institutional investors. The transaction values the company buyback at about $190 million, with part of the amount set against Harbour Energy's ongoing $250 million repurchase programme announced in August 2026.
Highlights
- Harbour Energy will acquire 53 million ordinary shares from BASF at £2.66 per share for a total of about $190 million, subject to BASF's institutional offering on 11 September 2026.
- Of the $190 million purchase price, approximately $40 million will be deducted from Harbour Energy's existing $250 million share buyback announced on 6 August 2026, and all acquired shares will be cancelled.
- Upon completion, BASF's holding in Harbour Energy's issued ordinary shares with voting rights will decrease from about 24.3% to around 16.4%.
Off-market purchase terms and transaction structure
As reported by London Stock Exchange, citing the Regulatory News Service, Harbour Energy has agreed to acquire 53 million ordinary shares from BASF Handels-und Exportgesellschaft mit beschränkter Haftung under a share purchase deed approved by shareholders at the company's Annual General Meeting on 7 May 2026.The company says the off-market purchase is being carried out alongside, and remains subject to completion of, BASF's offering to institutional investors, the results of which BASF announces on 11 September 2026. Harbour Energy is paying BASF £2.66 per ordinary share, taking the total consideration to about $190 million.
Harbour Energy says about $40 million of that roughly $190 million purchase will be deducted from the ongoing $250 million share buyback it announced on 6 August 2026. The ordinary shares acquired in the transaction will be cancelled.
Ownership impact and next steps
Once the off-market purchase and BASF's institutional offering complete, BASF's interest in Harbour Energy's issued ordinary shares with voting rights is expected to fall to about 16.4% from about 24.3%.The reduction lowers BASF's holding while allowing Harbour Energy to retire the purchased shares as part of its broader capital management plan. Harbour Energy says it will make a further announcement when the off-market purchase completes.
Our earlier article covered mounting pressure on Virgin Media O2 as bond investors focused on the company’s ability to manage its heavy debt burden amid a tougher broadband market. We noted that its owners, Liberty Global and Telefónica, were weighing roughly £600 million in cost reductions, alongside other options to ease leverage as customer losses and weaker bond prices added to investor concern.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
