Finance
Holcim completes $1.1 billion share buyback
Global Banking & Finance Review®
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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.
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)
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.
Corporate profits are the earnings that a company generates after all expenses, taxes, and costs have been deducted from total revenue. These profits can be reinvested in the business or distributed to shareholders.
Capital refers to financial assets or resources that companies use to fund their operations and growth. It can include cash, equipment, and investments that are essential for business activities.
Liquidity is the ability of an asset to be quickly converted into cash without significantly affecting its price. In finance, it often refers to how easily a company can meet its short-term financial obligations.
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