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Holcim eyes $30 billion valuation with North American business listing, picks new CEO bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.
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. ....
(Bloomberg) Holcim Ltd. jumped after the Swiss cement maker said it will spin off its North American unit into a separate US-listed entity, a move that could unlock a higher valuation for the business.Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetEvergrande Set for Liquidation as China Property Crisis Drags OnTrump Cash Stockpile at Risk From $450 Million Dual VerdictsBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersHouthi Hit on ....
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". ....
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. ....