9 hours ago
Holcim's North American Spinoff Amrize Slips in Trading Debut
Amrize Ltd 's shares shares slipped in early trading in Switzerland following the North American cement-maker's spinoff from Holcim Ltd, as the building materials conglomerate looks to unlock value through a separate listing.
Shares in the US cement-maker slipped as much as 7.8% to 42.5 Swiss francs ($52.01) apiece in early trading in Zurich, compared to the reference price of 46.08 Swiss francs stated in a notice from the Swiss stock exchange. Meanwhile, the remaining firm Holcim Ltd.'s shares rose, gaining as much as 12.6% to 53.6 Swiss francs from a reference price of 47.60 Swiss francs apiece.
