Holcim Unlocks $5.4 Billion Value With Amrize Spinoff: ECM Watch

Swiss construction conglomerate Holcim Ltd. created roughly $5.4 billion of market value in the first days of trading after spinning off its North American operations.

The combined market capitalization of both Holcim and Amrize Ltd. was about $70.42 billion at about 3:30 p.m. CET in Swiss trading on Tuesday, according to Bloomberg calculations. That’s compared to Holcim’s roughly $65.02 billion of market value at the close of trading on Friday.

The value creation is despite a mixed first day of trading in Switzerland for Amrize’s shares, which closed 15% lower than the reference price of 46.08 Swiss francs ($57.18) on ...