CRH commences final stage of $3bn buyback

Building materials giant has also completed the first phase of European lime divestment

CRH, which can trace its roots all the way back to 1936, made the leap from the Irish market to the New York Stock Exchange last year. Picture: NYSE

Building materials giant CRH has announced plans to buyback a further $300 million of shares.

Late last month CRH said it has entered into an arrangement with Citigroup Global Markets to repurchase ordinary shares listed on the New York Stock Exchange on CRH’s behalf for an aggregate maximum consideration of $300 million.