ISB's report shows role of legacy in success of family businesses thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Holcim s biggest
shareholder has given his backing to the building material
company s plan to spin off its North American business through a
listing on the New York Stock Exchange. Swiss.
Holcim shares were the best performers in Europe on Monday after investors welcomed the building material giant's plan to separate its North American business and list it on the New York Stock Exchange. Holcim on Sunday announced a plan to spin off the business to shareholders which could create a new company with a market valuation of around $30 billion. Thomas Schmidheiny, the company's biggest shareholder leant his support to the transaction, which will see two companies created - one supplying cement, concrete and roofing in North America and another covering the rest of the world.
Holcim Chief
Executive Jan Jenisch on Monday described his company s North
American operation, which the Swiss building materials firm
plans to spin off next year, as a rock star business. .
Holcim takes 'rock star' North American business to Wall Street streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.