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Irish building materials company CRH has completed the second phase of its ongoing €1 billion share buyback programme.

Between 29 August and 18 October, 2018, 12.5 million ordinary shares were repurchased on the London Stock Exchange and Euronext Dublin at an average discount of 1.3% to the volume-weighted average price over the period, returning a further €350 million of cash to its shareholders.

This was said to bring the total cash returned to shareholders to approximately €700 million.

The remaining portion of the buyback programme is under active consideration, according to CRH, and further details are to be announced in due course.

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