The Board of Holcim Ltd (SWX:HOLN) announced the spin off of it's North American business in the US on January 28, 2024. The transaction is intended to be executed as a spin-off, with the final structure to be communicated in the second half of 2024. The Board has tasked Jan Jenisch to lead the planned US listing of Holcim?s North America business.

The US listing is expected to be completed in the first half of 2025. It will be subject to shareholder approval at an Extraordinary General Meeting expected in the first quarter of 2025, as well as other customary approvals. Goldman Sachs International and Perella Weinberg Partners are acting as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP and Bär & Karrer AG are serving as legal advisors.