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USA Today
23-07-2025
- Sport
- USA Today
2025 Zug Open: Burruchaga [124th] vs. Huesler [170th] Prediction, Odds and Match Preview
In a match slated for Thursday, Marc-Andrea Huesler (No. 170 in rankings) will face Roman Andres Burruchaga (No. 124) in the Round of 16 at the Zug Open. Burruchaga has -155 odds to earn a win in this match versus Huesler (+110). Tennis odds courtesy of BetMGM Sportsbook. Odds updated Tuesday at 10:35 PM ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub. Roman Andres Burruchaga vs. Marc-Andrea Huesler matchup info Watch the Tennis Channel and more sports on Fubo! Burruchaga vs. Huesler Prediction Based on the implied probility from the moneyline, Burruchaga has a 60.8% to win. Burruchaga vs. Huesler Betting Odds Burruchaga vs. Huesler matchup performance & stats
Time of India
24-06-2025
- Business
- Time of India
Holcim completes $30 billion North American spin-off
ZURICH: Holcim has completed the spin-off of its North American business Amrize , which achieved a $30 billion valuation for the building materials supplier in early trading on Monday. Shareholders were given one Amrize share for every share in Holcim in the 100% spin-off of the business, which the Swiss-listed company said aimed to sharpen its focus on the different market dynamics in North America compared with the rest of the world. Amrize shares opened at 46 Swiss francs on the Six Swiss Exchange, giving it a market capitalisation of 24.7 billion Swiss francs ($30.24 billion), in line with the company's expectations for a roughly $30 billion valuation. Its shares later lost 8.8% as Holcim investors sold some of their stock. Holcim shares fell 33% from Friday's close to reflect the separation of the North American business, although they were 10.5% above the reference price estimated by brokers for the new stand-alone business. "Some of the Holcim investors will have sold their Amrize shares straightaway and a lot of Swiss investors are more interested in the decarbonisation story at Holcim," said Zuercher Kantonalbank analyst Martin Huesler. Holcim has positioned itself as a lower carbon building materials supplier by producing reduced CO2 cement and re-using waste. "Overall, the main thing is the stock price of both Amrize and Holcim combined is now more than the 93.68 closing price on Friday, which bodes well for the spin-off," Huesler added. The spin-off decision was announced in January 2024, and is not linked to rise in U.S. tariffs. In March, when it outlined its strategy following the separation, Holcim said it would target average annual growth in earnings before interest and taxes of 6% to 10% by 2030, driven in part by mergers and acquisitions. Amrize, which had sales of $11.7 billion in 2024, aims to grow sales by 5-8% annually. It also wants to increase its core operating profit by 8-11% between 2025 and 2028 from $3.2 billion last year.
