Holcim to target M&A deals to fuel growth following Amrize spin-off
From Yahoo Finance: 2025-03-28 06:25:00
Holcim aims for 6-10% annual EBIT growth by 2030 through mergers and acquisitions. NextGen Growth 2030 targets sustainable construction leadership. Amrize spin-off, valued at $30 billion, will boost total capital deployment to 18-22 billion Swiss francs. CEO Gutovic emphasizes strategic acquisitions and building solutions expansion to 50% of net sales by 2030.
The Amrize spin-off, set for the first half of 2025, will be listed on NYSE and SIX Swiss Exchange. Holcim will not retain stake in Amrize, with shares distributed to shareholders. Analysts view financial targets positively, with rising demand for sustainable products offsetting carbon costs. No further spin-offs planned, CEO confirms.
Read more at Yahoo Finance: Holcim to target M&A deals to fuel growth following Amrize spin-off