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Top related persons:
Lafarge - 1 Holcim - 1 Jan Jenisch - 1 Miljan Gutovic - 1 Jenisch - 1
Top related locs:
Swiss U.S Syria American Australian Zurich Holcim
Top related orgs:
GENEVA - 1 Holcim Ltd - 1 American - 1 Islamic - 1 Islamic State - 1 Swiss SIX - 1 North - 1 SIX - 1

Search resuls for: "Holcim Ltd"


4 mentions found


☆ Shares of Building Materials Maker Holcim Jump as It Plans to List Unit in the US
  + stars: | 2024-01-29 | by ( Associated Press | Jan. | At A.M. | ) www.usnews.com   time to read: +1 min
GENEVA (AP) — Shares of Holcim Ltd. jumped Monday after the Swiss-based cement and building materials company announced plans to spin off its North American unit and list its shares in the U.S.Sunday's announcement of the listing and spinoff comes 15 months after Holcim’s French subsidiary Lafarge pleaded guilty to paying millions of dollars to the Islamic State group to keep a plant open in Syria and agreed to pay about $778 million in penalties in a settlement with U.S. authorities. At the time, the Islamic State group controlled a vast swath of Syrian territory and was engaged in torturing kidnapped Westerners. The listing, which is expected to be completed in the first half of next year, would create a North American unit that is targeting more than $20 billion in net sales by 2030, the company said. Holcim will retain its listing on the Swiss SIX stock exchange. Chairman and CEO Jan Jenisch will lead the North American operations and hand over duties of CEO of Holcim to executive committee member Miljan Gutovic, an Australian national, on May 1.
Persons: Lafarge, Holcim, Jan Jenisch, Miljan Gutovic, Jenisch Organizations: GENEVA, Holcim Ltd, American, Islamic, Islamic State, Swiss SIX, North, SIX Locations: Swiss, U.S, Syria, American, Australian, Zurich, Holcim
☆ Companies Urged to Take Stock of Their Impact on Nature and Related Risks
  + stars: | 2023-03-28 | by ( Joshua Kirby | ) www.wsj.com   time to read: +5 min
“We used to think of nature as an endless supplier of resources into our business practices,” he said. “We’re trying to shift the conversation around the nature of the relationship between nature and business.”The final framework should give priority to the end result in natural areas, said Kat Bruce, founder and director of environmental-DNA startup NatureMetrics. Some $44 trillion of global economic value is moderately or highly dependent on nature, according to the World Economic Forum. Companies and shareholders should pay more attention to the material risk of natural degradation, Mr. Goldner said. The draft framework includes sector-specific guidance for areas including agriculture, mining, energy and financial services.
☆ India market regulator increases scrutiny of Adani group - sources
  + stars: | 2023-01-27 | by ( Jayshree Pyasi | ) www.reuters.com   time to read: +3 min
Email queries and phone calls sent to Adani Group were not answered. Adani earlier this week dismissed the Hindenburg report as baseless and said it is considering whether to take legal action against the New York-based firm. The regulator had sought clarity from the group on these entities when the group approached it for regulatory clearance last year. Hindenburg's report on the Adani group comes amid a $2.45 billion secondary share sale by the group's flagship company Adani Enterprises. Some issues raised in the Hindenburg report point to concerns similar to what the regulator had regarding movement of funds between parties related to the Adani Group through offshore funds back into local companies, sources said.
☆ Judge Orders Cruise Companies to Pay More Than $436 Million for Docking at Seized Terminal in Cuba
  + stars: | 2023-01-07 | by ( Mengqi Sun | ) www.wsj.com   time to read: +3 min
Four major cruise lines say they will appeal a recent ruling that would force them to pay roughly $436 million in total damages to a company that owned a port terminal in Havana prior to the Cuban Revolution. The ruling in favor of Havana Docks Corp., owner of the Havana Cruise Port Terminal before the Cuban revolution, marked an important milestone for Cuban-Americans seeking compensation for property confiscated by the Castro regime. Mickael Behn, a descendant of the original owners of Havana Docks. The verdict in favor of Havana Docks is the first from a district court, the data shows. The ruling comes after the judge in the case, Beth Bloom, signaled last March that she agreed that the use of the Cuban port constituted trafficking in confiscated property owned by Havana Docks.
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