Amrize Makes Debut on NYSE, Closes Up 1.5

Date:

Amrize, the North American offshoot of Swiss building-materials giant Holcim, made its stock-market debut on June 23, trading under the ticker “AMRZ” on both the New York Stock Exchange and the SIX Swiss Exchange. 

The spin-off, structured as a 100% dividend-in-kind, awarded one Amrize share for every Holcim share held, valuing the newly independent company at roughly $30 billion at Monday’s opening bell.

Amrize brings together Holcim’s entire North American operations, spanning cement, aggregates, ready-mix, mortar, and building envelope solutions. 

Its portfolio includes more than 1,000 production and distribution sites across North America, with brands including Duro-Last and Gaco, making it, as The Wall Street Journal reported, the second-largest commercial-roofing supplier in North America 

With some 19,000 employees, the company serves infrastructure, commercial and residential markets from foundation to…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...