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International Business Times
International Business Times
AFP News

Cement Giant Holcim's Shares Soar After N. America Spinoff News

Holcim North America Jan Jenisch United States
Holcim is currently the largest cement maker in North America, where it counts 850 sites (Credit: AFP)

Shares in Swiss construction giant Holcim surged on Monday after it announced plans to fully spin off its North America business.

Holcim's share price jumped more than five percent at the open on the Swiss stock exchange before paring back some gains to trade 4.8 percent higher at 67.28 Swiss francs ($78.13) in morning deals.

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