US EditionHolcim Prepares Amrize for Spin-Off in June
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Norbolsa Market Consensus The spin off of Holcim's American construction materials business will begin trading in New York and Switzerland's SIX on June 23. Each Holcim shareholder will receive an Amrize stock for each Holcim stock at the close of June 20. Amrize will have 1,000 plants in the United States and 19,000 employees. Holcim shareholders approved the split with 99,75% votes in favor at the annual general meeting of [...]
Spin-offs such as the separation of Holcim's North America business are justified by the increase in the value of the company. However, experience has shown that such transactions often involve various uncertainties and uncertainties for the obligor. Zürcher Kantonalbank recommends looking closely at debtors with weak credit quality.
Construction material manufacturer Holcim has received the green light for the spin-off of its North America business.
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