Mergers & Acquisitions ·
Holcim Ltd. has requested an extension from the Superintendence of the Securities Market (SMV) to commence its…
CPACCementos Pacasmayo Saa
Holcim Ltd. has requested an extension from the Superintendence of the Securities Market (SMV) to commence its subsequent Tender Offer for Cementos Pacasmayo S.A.A. shares, citing that the valuation entity determining the minimum offer price has not yet been appointed. The proposed deadline allows up to 60 business days from the appointment of the valuation entity or five business days after the issuance of its report, whichever occurs first. This development relates to Holcim's indirect acquisition of a controlling stake in Cementos Pacasmayo and its obligation to make a public tender offer for the remaining shares through subsidiary Inversiones ASPI S.A. The company operates in the cement manufacturing industry.