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
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 Jumps On $30Bn Plan To Spin Off North American Unit menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.