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Holcim ( (CH:HOLN) ) has provided an announcement.
Holcim is spinning off its North American business, Amrize, with trading set to begin on June 23, 2025, on the NYSE and SIX under the ticker ‘AMRZ’. The spin-off, approved by shareholders, will be tax-neutral for Swiss and tax-free for US federal income tax purposes. Amrize, rated ‘Investment Grade’ by S&P and Moody’s, has secured $3.4 billion in external financing and will focus on growth in the North American construction market. Holcim will continue to focus on sustainable construction and growth in its other markets.
The most recent analyst rating on (CH:HOLN) stock is a Buy with a CHF108.00 price target. To see the full list of analyst forecasts on Holcim stock, see the CH:HOLN Stock Forecast page.
More about Holcim
Holcim is a leading company in the construction industry, focusing on sustainable building solutions. It operates globally, with a significant presence in Europe, Australia, North Africa, and Latin America, and aims to expand in value-added areas like building systems and high-performance concrete.
YTD Price Performance: 7.58%
Average Trading Volume: 1,381,446
Current Market Cap: CHF50.15B
For a thorough assessment of HOLN stock, go to TipRanks’ Stock Analysis page.