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French prosecutors have recommended that cement maker Lafarge stand trial on charges of terrorism financing over its past activities in Syria, a source close to the case told AFP Friday.But in a PNAT filing seen by AFP, prosecutors took a different view. ....
(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. ....
Swiss construction materials giant Holcim Ltd. will separate its North American operations through a listing on the New York Stock Exchange (NYSE), an operation that could value the business at $30 billion, according to Reuters. ....