CRH launches €350m share buyback

Building materials group CRH said on Monday that it has begun a buyback of up to a further €350m of its shares.

The company has entered into arrangements with J&E Davy and the buyback will end no later than 16 August.

CRH had already announced the continuation of its buyback programme in a trading update last week, highlighting its strong balance sheet and cash generation. It said the total cash returned to shareholders over the last 12 months under its ongoing share buyback programme was €1bn, of which €200m was completed year-to-date.