UK's Harbour Energy falls as it buys back shares from BASF at discount

BASF SE

11/09/2026 09:09

** Shares of oil and gas producer Harbour Energy HBR.L fell 3.1% to 269.2 pence
** Harbour Energy to buy back 53 million shares from top shareholder BASF BASFn.DE for about $190 million 
** The purchase price of 266 pence represents about a 4% discount to Thursday's closing price of 277.8 pence 
** The transaction will reduce the German chemicals group's stake in HBR to 16.4% from 24.3%; BASF would still be the largest shareholder, according to LSEG data 
** YTD, HBR up about 37%

(Reporting by Nithyashree R B in Bengaluru)
((NithyashreeRB@thomsonreuters.com))