Reported about 20 hours ago
Holcim has finalized the spin-off of its North American business, Amrize, achieving a valuation of $30 billion. Shareholders received one Amrize share for each Holcim share, with Amrize opening at 46 Swiss francs on the Swiss Exchange. Following the spin-off, Holcim's shares dropped 33%, while analysts noted that the combined market cap of Holcim and Amrize still exceeded previous closing prices, indicating a positive outlook. Holcim aims for 6%-10% annual growth in earnings by 2030, while Amrize targets 5%-8% sales growth annually.
Source: YAHOO