Holcim on Sunday announced it was spinning off 100% of its North American business in the biggest shake-up at the cement maker since it bought French rival Lafarge in 2015
Holcim shares surge after investors welcome move to spin off N.American business marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Holcim Chief
Executive Jan Jenisch said a valuation of around $30 billion
could be possible for its North American business, which it said
earlier on Sunday it plans to spin off and list in the.
Building materials maker Holcim banking on U.S. reshoring boom reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Holcim, which had entered the market 17 years ago, held a 63.19 per cent stake in Ambuja and a 4.48 per cent in ACC, while Ambuja owns a 50.05 per cent stake in ACC.