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.