Holcim spin-off of North American business progressing "extremely well"

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October 25, 2024 3:50 AM EDT

Sunflowers are seen in front of the plant of cement maker Holcim in Eclepens near Lausanne, Switzerland, July 25, 2024. REUTERS/Denis Balibouse/ File Photo

ZURICH (Reuters) - Holcim's spin-off of its North American business is progressing "extremely well", Chief Financial Officer Steffen Kindler said on Friday, with updates for investors planned soon.

"The progress that we're making in all aspects of this listing from technical topics like accounting to more governance topics is progressing extremely well," Kindler told reporters after the building materials company reported its third quarter earnings.

"We're confirming that we're going to do this spin-off in the first half of next year," he added. "We're going to update you soon."

(Reporting by John Revill, Editing by Rachel More)


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