CRH to start new phase of €1bn share repurchase
First publishedon www.AggBusiness.com
CRH, the Ireland-headquartered global building materials, giant, yesterday launched the fourth and final phase of its €1 billion share buyback programme. It follows a deal struck with Swiss financial services firm UBS to buy back on behalf of CRH €200mn of the Irish company’s ordinary shares listed on Euronext Dublin and the London Stock Exchange.
Due to end no later than 29 March 2019, the conclusion of the final CRH share repurchase phase will complete the share buyback programme first announced on 25 April 2018.
CRH completed the third part of its share buyback programme, returning a further €100 million of cash to shareholders, before the Christmas holidays.