Amrize Begins Trading as Independent Cement Firm After Holcim Spin-Off
Amrize Ltd., the North American cement company spun off from Holcim, saw its shares decline by 13% in Zurich after its debut, while Holcim's shares rose. Amrize, the largest cement provider in North America, aims to unlock value through the spinoff, with a significant revenue of $11.7 billion in 2024 and plans for growth via mergers and acquisitions. Despite the initial drop, analysts see potential for high valuation, though near-term market challenges remain.