Finance

Holcim completes $1.1 billion share buyback

Published by Global Banking & Finance Review

Posted on December 16, 2024

1 min read

· Last updated: January 27, 2026

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Holcim's $1.1 billion share buyback announcement - Global Banking & Finance Review
This image represents Holcim's completion of a $1.1 billion share buyback program, highlighting the company's strategic move to reduce its share capital and enhance shareholder value.
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ZURICH (Reuters) - Holcim has completed its 1 billion Swiss franc ($1.12 billion) share buyback, purchasing 2.1% of its share capital, the Swiss building materials company said on Monday. The 12.25

Holcim Finalizes $1.12 Billion Share Buyback Program

ZURICH (Reuters) - Holcim has completed its 1 billion Swiss franc ($1.12 billion) share buyback, purchasing 2.1% of its share capital, the Swiss building materials company said on Monday.

The 12.25 million shares in the scheme will be canceled, subject to shareholders' approval next year, reducing the amount of outstanding shares to 566,875,513.

($1 = 0.8904 Swiss francs)

(Reporting by John Revill, editing by Kirsti Knolle)

Key Takeaways

  • Holcim completed a $1.12 billion share buyback.
  • The buyback involved 12.25 million shares.
  • Share cancellation pending shareholder approval.
  • Outstanding shares reduced to 566,875,513.
  • Exchange rate: $1 = 0.8904 Swiss francs.

Frequently Asked Questions

What is the main topic?
The article discusses Holcim's completion of a $1.12 billion share buyback, reducing its share capital.
How many shares were bought back?
Holcim bought back 12.25 million shares, which is 2.1% of its share capital.
What is the next step after the buyback?
The shares will be canceled, subject to shareholder approval next year.

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