Recent Updates — CPAC
Peruvian cement producer Cementos Pacasmayo S.A.A. filed a 6-K disclosing Holcim Ltd.'s response to a Peruvian securities regulator's inquiry regarding the acquisition of 50.01% control via Inversiones ASPI S.A. The regulator requested clarification on S/210 million in deductions from the S/1,850,370,000 purchase price. Holcim confirmed the adjustments consisted of a S/169,709,810 payoff for ASPI's debt to Banco de Crédito del Perú and S/40,332,966 in excess transaction expenses, resulting in a final payment of S/1,640,327,224. The company operates in the cement manufacturing industry.
The Peruvian Securities Market Superintendency (SMV) declared void the first call for the selection process to appoint a valuation entity responsible for determining the minimum price for Holcim Ltd.'s tender offer for Cementos Pacasmayo S.A.A. shares. This regulatory setback halts the current procedural step in the acquisition process, potentially delaying the transaction timeline and introducing uncertainty regarding the final pricing mechanism and completion of the deal. The company operates in the cement manufacturing industry.
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.
The Board of Directors approved the comprehensive alignment of the Company’s Code of Conduct with the Holcim Group Code of Ethics on July 21, 2026. Cementos Pacasmayo S.A.A. is a Peruvian company operating in the cement and construction materials industry.
Cementos Pacasmayo S.A.A. reported unaudited interim consolidated financial statements for the period ended June 30, 2026. For the six-month period, sales of goods increased to S/1,114.5 million compared to S/983.3 million in 2025, with profit for the period rising to S/159.2 million from S/100.5 million. Basic earnings per share for the six-month period were S/0.37, up from S/0.23. Total assets as of June 30, 2026, were S/3,205.6 million, and total equity was S/1,351.1 million. The company also noted the liquidation of subsidiary 150Krea Inc. in May 2026. The company operates in the construction materials industry, producing and marketing cement, concrete, and precast products in Peru.