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An announcement from Holcim ( (CH:HOLN) ) is now available.
Holcim is acquiring a majority stake in Cementos Pacasmayo, a prominent Peruvian building materials producer, to strengthen its presence in Latin America and accelerate growth in line with its NextGen Growth 2030 strategy. The acquisition, valued at approximately USD 1.5 billion, is expected to enhance Holcim’s earnings and cash flow from the first year and achieve significant synergies by the third year, marking a strategic expansion in a profitable region.
The most recent analyst rating on (CH:HOLN) stock is a Hold with a CHF80.00 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 partner in sustainable construction, headquartered in Zug, Switzerland, with net sales of CHF 16.2 billion in 2024. Operating in 44 markets across Europe, Latin America, Asia, the Middle East, and Africa, Holcim provides high-value building materials and solutions, powered by premium brands like ECOPlanet, ECOPact, and ECOCycle®. The company employs over 45,000 people and focuses on creating value across the built environment.
Average Trading Volume: 1,190,242
Technical Sentiment Signal: Strong Buy
Current Market Cap: CHF40.7B
For detailed information about HOLN stock, go to TipRanks’ Stock Analysis page.