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…