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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 wo...
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 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 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. The division, which now has sales of $11 billion has been a star performer for Holcim in recent years, increasing its sales by an average of 20% per year.
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