Holcim Said to Plan Separation of North American Business
A quarry at Holcim Ltd.'s cement plant in Untervaz, Switzerland.
Photographer: Gianluca Colla/Bloomberg
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Holcim Ltd. is nearing a deal to separate its North American business, according to people with knowledge of the matter.
The deal may be announced as soon as Monday, they said, asking not to be identified as details haven’t been made public. The Wall Street Journal first reported on the deal, saying it may value the business at $30 billion, though there’s no guarantee the company can achieve the targeted valuation.