Bär & Karrer with Holcim & Amrize on Amrize’s spin-off
Bär & Karrer has acted as Swiss legal and tax advisor to Holcim and its North American Amrize in the planning the latter’s spin-off, corporate governance set-up, and public listing process. The Amrize shares debuted both on the New York Stock Exchange and on the SIX Swiss Exchange (SIX). The company reached a market cap of CHF 26 billion (opening price on SIX Swiss Exchange).
The context
The spin-off took place through a tax-neutral dividend-in-kind distribution of Amrize shares to Holcim shareholders as approved at Holcim’s annual general meeting. The complete legal and structural separation of the Amrize business into a standalone company preceeded the operation. The transaction represents a full capital market separation of Holcim and Amrize.
The Bär & Karrer team
Urs Kägi (pictured left) and Vera Naegeli (pictured right) led the Bär & Karrer team on the matter, working alongside Marie-Cristine Kaptan, Florian Schweighofer, Matthias Tanner, Urs Stürmer and Ann-Kathrin Bühler (all capital Markets and corporate/M&A), Susanne Schreiber, Raoul Stocker, Elena Kumashova, Alice Johnson (all tax), Lukas Roesler (capital markets and finance), Markus Wang (IP), Laura Widmer (employment), Dieter Dubs (public M&A), Thomas Stoltz, Julia Eiholzer (both notarial services), Christian Kunz (data protection) and Patrick Neher (real estate).
