Why holcim Is Trending Today?

Holcim, a leading building materials company, saw its shares rise in early morning trading on the stock market. The company's performance was among the top performers, alongside BayWa and Thyssenkrupp, while ThyssenKrupp Marine Systems also experienced positive momentum. Meanwhile, market analysts at Nord LB highlighted the potential impact of the US's trade policies on global markets.

Holcim, a Swiss company with operations in Romania, has agreed to acquire Xella, a walling and roofing specialist, in a deal valued at 1.85 billion euros. The acquisition, which is expected to be completed in the second half of 2023, will strengthen Holcim's position in the construction materials sector. Holcim has agreed to pay 1.85 billion euros for Xella, with the deal set to be finalized in the coming months.