Amrize Completes Spin-off from Holcim, Begins Trading as Independent Company

Summary

On June 23, 2025, Amrize Ltd, a previously wholly-owned subsidiary of Holcim Ltd, completed a 100% spin-off and began trading independently on the New York Stock Exchange and the SIX Swiss Exchange under the ticker symbol 'AMRZ'. This event marks the separation of Amrize into a standalone entity, effective immediately prior to the consummation of the spin-off. The spin-off involved the distribution of Amrize shares as a dividend-in-kind to Holcim shareholders, and was facilitated by several definitive agreements between Amrize and Holcim. Additionally, the spin-off resulted in significant changes to Amrize's corporate governance structure, including the expansion of the board of directors and the adoption of new corporate governance guidelines and a code of business conduct. Financial highlights of Amrize for 2024 include $11.7 billion in revenue and $3.2 billion in Adjusted EBITDA. A press release was issued to announce the completion of the spin-off and the commencement of Amrize's independent public trading.