, Columnist
European Corporate Exodus to US Set to Become a Flood
Holcim’s plan to split will trigger similar discussions in European boardrooms.
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The $44 billion merger of France’s Lafarge SA and Swiss rival Holcim Ltd. in 2015 marked the high point of European corporate swagger, globalization and optimism about emerging markets.
The announcement Sunday that this building-materials giant — now called Holcim — plans to split into two geographically separate companies underscores the harsh reality of the deglobalization era: The only market investors really care about now is the US.