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In the biggest shake-up at Holcim since the Swiss company took over French rival Lafarge in 2015, the divestment will likely be completed in the first half of 2025. The spin-off could value the new company at around $30 billion, Jenisch told reporters, with Holcim retaining no stake.
Shares in Swiss construction giant Holcim surged on Monday after it announced plans to fully spin off its North America business.The hike came a day after the company announced plans to list its North American business in the United States during the first half of 2025 "with full capital market separation".
Swiss cement company Holcim is planning to fully spin off its North American business and appoint a new CEO. The company plans to list its North American business in the US during the first half of 2025, with full capital market separation. Holcim aims to achieve over $20 billion in net sales and industry-leading margins by 2030.