By Nina Kienle
Holcim said its unit Amrize is set to start trading on the New York Stock Exchange and SIX Swiss Exchange on June 23.
The Swiss building materials company on Monday said that Amrize would be trading under the ticker symbol AMRZ and would be added to the Swiss Market Index and the Swiss Leader Index on the first day of trading.
The company said the 100% spinoff would be completed by way of a one-to-one distribution of Amrize shares to Holcim shareholders.
In addition, Amrize has secured debt financing of $3.4 billion, supported by a $2 billion credit facility and a $2 billion commercial paper program, it said.
"Key credit rating agencies have rated Amrize investment grade, placing the company in a strong financial position," Holcim added.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
06-02-25 0124ET