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Amrize Ltd, known in the market as “AMRZ,” has made its debut on the Swiss Stock Exchange (SIX Swiss Exchange) following a successful 100% spin-off from Holcim, establishing itself as a leader in construction solutions in North America. The stock opened at a price of 46.00 CHF, giving the new entity a market capitalization of approximately 26 billion CHF.
Amrize shares began trading shortly after 9:00 AM CEST, with expectations of also listing on the New York Stock Exchange (NYSE). This spin-off is part of a strategy that includes the distribution of a stock dividend; Holcim shareholders will receive one share of Amrize for each share they own until June 20, 2025, a decision confirmed at the Annual General Meeting on May 14, 2025.
On its first day of trading, Amrize has been integrated into the Swiss Market Index (SMI) and the Swiss Leader Index (SLI), where it will remain at least until September 19, 2025, when the annual index review by SIX will take place. During this period, there will be no changes to the blue-chip indices in Switzerland, allowing Holcim to continue being part of them under the symbol “HOLN.”
The new company presents itself as the preferred strategic partner for builders in North America, focusing on providing advanced solutions for projects ranging from foundations to rooftops. Amrize has over 1,000 locations and an efficient distribution network, serving customers across all U.S. states and various provinces in Canada. Additionally, the company employs 19,000 people and caters to a variety of sectors, including infrastructure and the construction of commercial and residential buildings.
Jan Jenisch, chairman and CEO of Amrize, expressed his excitement on this significant day, highlighting growth opportunities in the North American construction market under their new corporate identity. Jenisch emphasized that, thanks to its track record of profitable growth and high-quality operations, Amrize is well-positioned to be the essential partner for builders in the region.
Tomas Kindler, director of markets at SIX and a member of its executive board, emphasized the significance of Amrize’s dual listing, symbolizing Switzerland’s prominent role as a global capital market hub. Kindler extended his congratulations to the Amrize team, wishing them a prosperous future in this new phase as a public company.
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Source: MiMub in Spanish