KEY POINTS
  • Switzerland's Holcim will spin off 100% of its North American operations in a New York flotation which could value the business at $30 billion.
  • The company also said Miljan Gutovic, currently head of Europe at Holcim, will replace Jan Jenisch as CEO beginning May 1.
  • Holcim is one of the world's biggest cement makers.

Switzerland's Holcim will spin off 100% of its North American operations in a New York flotation which could value the business at $30 billion, the building materials giant said on Sunday, as it also named a new chief executive.

Its shares were almost 4% higher on Monday afternoon in Europe.