Holcim rises after completing Amrize spin-off
23/06/2025 08:31
Updates share price move, adds analyst comment ** Shares in Holcim HOLN.S rise around 12% after the Swiss building materials company has completed the spin-off of its North American business, Amrize AMRZ.S ** Holcim will focus on Europe, Latin America, Australia and North Africa in future, while Amrize will operate in the U.S. and Canada ** Shares in Amrize were down around 6% at 0731 GMT on their first trading day ** Vontobel sees Holcim as "an attractive investment case" and keeps its "buy" rating on the stock but cuts PT by 44% to 61 Swiss francs to reflect the spin-off effect ** Zuercher Kantonalbank says the spin-off creates two "attractive", regionally focused construction material makers, which can implement their different strategies in a targeted way with organic and acquisition-relation growth (Reporting by Amir Orusov) ((Amir.orusov@thomsonreuters.com))