Holcim seen down 48% after completing Amrize spin-off

Amrize AG

23/06/2025 07:33

** Shares in Holcim HOLN.S are seen down 48% in Swiss premarket trade 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 are seen up 2.2%

** Vontobel sees Holcim as "an attractive investment case" given both growth and a profitability expansion, enabling the company to generate strong and increasing FCFs and remain an attractive dividend player

** The broker keeps its "buy" rating on Holcim but cuts PT to 61 Swiss francs from 108 francs to reflect the spin-off effect

 (Reporting by Amir Orusov)

 ((Amir.orusov@thomsonreuters.com))