Mergers & Acquisitions ·
Cementos Pacasmayo S.A.A. submitted a formal response to the Superintendency of the Securities Market (SMV) regarding…
CPACCementos Pacasmayo Saa
Cementos Pacasmayo S.A.A. submitted a formal response to the Superintendency of the Securities Market (SMV) regarding inquiries into its change in control and Holcim Ltd.’s acquisition of 50.01% of the company's share capital via Inversiones ASPI S.A. The company clarified that the transaction was valued at S/ 5.1 billion (approximately USD 1.5 billion), representing a 9.0x EBITDA multiple. The filing addresses regulatory questions concerning interim covenants, an S/ 185 million escrow account, and a PwC valuation report commissioned by a seller for tax purposes rather than for a public tender offer. Cementos Pacasmayo is a Peruvian cement manufacturer.