Holcim completes spin-off of North American business Amriez, with mixed market reactions

From Yahoo Finance: 2025-06-23 01:27:00

Holcim completes spin-off of North American business Amrize, valued at $30 billion in early trading on Monday. Shareholders received one Amrize share for every Holcim share to focus on different market dynamics. Amrize opened at 46 Swiss francs with a market cap of 24.7 billion Swiss francs, later dropping 8.8%. Holcim shares fell 33% to reflect separation, but were 10.5% above reference price for new business. Analysts note some investors sold Amrize shares immediately, while Swiss investors focus on Holcim’s decarbonisation efforts. Holcim aims for annual earnings growth of 6-10% by 2030, driven by mergers and acquisitions. Amrize targets 5-8% annual sales growth and aims to increase core operating profit by 8-11% from $3.2 billion in 2024.



Read more at Yahoo Finance: Cement maker Holcim completes $30 billion North American spin-off