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Holcim launches share buyback of up to 2 billion Swiss francs

Published 11/11/2022, 06:18
Updated 11/11/2022, 06:20
© Reuters. FILE PHOTO: The logo of Swiss cement maker Holcim is seen at its headquarters in Zug, Switzerland October 26, 2022.  REUTERS/Arnd Wiegmann

ZURICH (Reuters) - Holcim (SIX:HOLN) 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.

© Reuters. FILE PHOTO: The logo of Swiss cement maker Holcim is seen at its headquarters in Zug, Switzerland October 26, 2022.  REUTERS/Arnd Wiegmann

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)

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