Having already completed the first and second phases of its share buyback programme, under which around €700mln of cash was returned to shareholders, the FTSE 100 construction giant kicked off the third phase today. It will close at the end of December, the company said.
READ: CRH earnings inch up in first half despite weather disruption and “challenging” Philippines market
The company’s share buyback programme will see CRH buy back up to 10% of its share capital.
CRH recently reported a rise in sales and earnings in the first half of its financial year despite issues surrounding weather conditions and difficulties in the Philippines.