IPO launched for North American business
Holcim has received the green light for the spin-off of its North American business. Under the name Amrize, the building materials group will float the new company on the stock exchange simultaneously in New York and Zurich on 23 June. The background to this is the US government's investment programmes worth billions.
Holcim’s new North American company Amrize is to be traded on the stock exchange for the first time on 23 June. This has now been announced by the Zug-based building materials group. The necessary authorisations have now been granted.
Holcim announced at the Investor Day in March 2025 that the business in the north of the American continent was to be spun off. The background to this is the US government’s investment programmes worth billions over the next eight to ten years, the potential of which Holcim intends to fully exploit through its Chicago-based subsidiary.
Shareholders will receive one Amrize share for each Holcim share held. The spin-off will be tax-neutral in Switzerland and tax-free in the USA. The Amrize shares will start trading on the same date on both the New York Stock Exchange and in Zurich. There they will be included in the Swiss Market Index (SMI) and the Swiss Leader Index (SLI).
The company has reportedly secured debt financing of USD 3.4 billion in the form of bonds, a USD 2 billion credit facility and a USD 2 billion commercial paper programme. In addition, Amrize has a bridge loan of 1.7 billion dollars.
With over 1,000 locations and 19,000 employees, Amrize will become the largest provider of construction solutions focussing exclusively on the North American market. According to Holcim’s NextGen Growth 2030 strategy, Amrize will realise a number of smaller acquisitions from an estimated total capital allocation capacity of CHF 18 to 22 billion by 2030. Excess capital will be used for large strategic acquisitions and share buybacks. The operational headquarters will be in Chicago, while the company’s registered office will remain in Zug.