Holcim eyes $30 billion valuation with its North American business listing
Mon, Jan 29, 2024 3:56 PM

Holcim eyes $30 billion valuation with its North American business listing

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Swiss cement maker Holcim plans to spin off its North American operations into a separate company, valued at $30 billion, in a New York stock exchange flotation. The move will allow Holcim to focus on building solutions and roofing products in Europe, Latin America, Africa and Asia. Current CEO Jan Jenisch will remain as chairman and lead the listing, while Miljan Gutovic will take over as CEO.

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