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Holcim launches share buyback of up to 2 billion Swiss francs

Published by Uma Rajagopal

Posted on November 11, 2022

1 min read

· Last updated: February 3, 2026

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Logo of Holcim cement group announcing share buyback program - Global Banking & Finance Review
The image features the Holcim logo, representing the Swiss cement group's announcement of a share buyback program worth 2 billion Swiss francs, a significant move in the banking and finance sector.
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ZURICH (Reuters) – Holcim will launch on Monday its previously announced share buyback programme worth up to 2 billion Swiss francs ($2.08 billion), the cement group said on Friday. Holcim plans to repurchase up to 40 million shares until May 2023, to be approved for cancellation at the annual general meeting in May 2023. The […]

ZURICH (Reuters) – Holcim will launch on Monday its previously announced share buyback programme worth up to 2 billion Swiss francs ($2.08 billion), the cement group said on Friday.

Holcim plans to repurchase up to 40 million shares until May 2023, to be approved for cancellation at the annual general meeting in May 2023. The volume of monthly share buybacks would depend on market conditions, it said.

($1 = 0.9634 Swiss francs)

(Reporting by Michael Shields, editing by John Revill)

Frequently Asked Questions

What is a share buyback?
A share buyback is when a company purchases its own shares from the marketplace, reducing the number of outstanding shares. This can increase the value of remaining shares and is often used to return capital to shareholders.
What is equity?
Equity refers to the ownership value in an asset or company, typically represented by shares. In a corporate context, equity can also refer to the shareholders' stake in the company.
What is corporate governance?
Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of stakeholders such as shareholders, management, and customers.
What is financial management?
Financial management involves planning, organizing, directing, and controlling the financial activities of an organization. It includes managing the company's finances, investments, and capital structure.
What is a general meeting?
A general meeting is a gathering of shareholders or members of a company where important decisions are made, including the approval of financial statements, dividends, and other corporate actions.

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