Business · Companies · 6 hrs ago
Amrize completes $1 billion share buyback ahead of schedule
Amrize, a building materials company, has completed its share buyback.
It began the programme last May and had planned to run it until May 2027.
The company reached its $1 billion buyback target ahead of schedule.
It bought back just over 22.4 million shares.
Amrize says those shares will be cancelled rather than kept in circulation.
The company has not said in the information available what it plans to do next.
Amrize has completed its share buyback programme, reaching its target of $1 billion ahead of schedule.
The programme began in May and was originally planned to run for one year, until May 2027.
The building materials company said it bought back just over 22.4 million shares.
Amrize said the repurchased shares would be cancelled.
- Who
- Amrize, a building materials company.
- What
- It completed a $1 billion share buyback, purchasing just over 22.4 million shares that it plans to cancel.
- When
- The programme was completed by 28 October 2026, ahead of its planned end in May 2027.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Amrize began the share buyback programme, which was planned to run for one year.
Amrize announced that it had reached its $1 billion buyback target and completed the programme.
- Buyback target
- $1 billion
- Shares repurchased
- Just over 22.4 million
- Programme start
- May 2026
- Planned end
- May 2027