Bulletin: HeidelbergCement's Share Buyback Program Is In Line With Its Financial Strategy And Won't Change Its Credit Quality - S&P Global Ratings’ Credit Research

Bulletin: HeidelbergCement's Share Buyback Program Is In Line With Its Financial Strategy And Won't Change Its Credit Quality

Bulletin: HeidelbergCement's Share Buyback Program Is In Line With Its Financial Strategy And Won't Change Its Credit Quality - S&P Global Ratings’ Credit Research
Bulletin: HeidelbergCement's Share Buyback Program Is In Line With Its Financial Strategy And Won't Change Its Credit Quality
Published Jul 29, 2021
3 pages (1282 words) — Published Jul 29, 2021
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Abstract:

MILAN (S&P Global Ratings) July 29, 2021--HeidelbergCement's decision to pursue a share buyback program is in line with its financial policy and capital allocation strategy and will not affect its credit quality, said S&P Global Ratings today. The company announced the program on July 28. We understand that the share buybacks would be carried out in several tranches, the first for €300 million-€350 million and to be completed by January 2022 at the latest. We also understand that HeidelbergCement intends to hold the acquired shares as treasury shares for the time being, and that the company reserves the right to interrupt or discontinue the share buyback program at any time. The program is in line with the company's financial policy

  
Report Type:

Bulletin

Ticker
HEI@GR
Issuer
HeidelbergCement AG
GICS
Construction Materials (15102010)
Sector
Global Issuers
Country
Germany
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: HeidelbergCement's Share Buyback Program Is In Line With Its Financial Strategy And Won't Change Its Credit Quality" Jul 29, 2021. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-HeidelbergCement-s-Share-Buyback-Program-Is-In-Line-With-Its-Financial-Strategy-And-Won-t-Change-Its-Credit-Quality-2696471>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: HeidelbergCement's Share Buyback Program Is In Line With Its Financial Strategy And Won't Change Its Credit Quality Jul 29, 2021. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-HeidelbergCement-s-Share-Buyback-Program-Is-In-Line-With-Its-Financial-Strategy-And-Won-t-Change-Its-Credit-Quality-2696471>
  
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