Holcim Finalizes Acquisition of Controlling Stake in Cementos Pacasmayo

summarizeSummary

Holcim Ltd. has completed its acquisition of a controlling 50.01% stake in Cementos Pacasmayo, marking a significant change in ownership and strategic direction for the Peruvian company.

check_boxKey Events

• Acquisition Finalized

  Holcim Ltd. has completed the acquisition of 99.99% of Inversiones ASPI S.A., which holds a 50.01% controlling stake in Cementos Pacasmayo S.A.A., following the satisfaction of all conditions precedent.

• Strategic Integration

  The acquisition is expected to generate approximately $40 million in recurring annual synergies for Holcim by the third year and expands Holcim's construction materials portfolio in Peru.

• Leadership Continuity

  Humberto Nadal will continue as CEO of Cementos Pacasmayo and will also assume the role of Chairman of the Board of Directors.

• Future Tender Offer

  Holcim Ltd. intends to initiate a mandatory tender offer process to acquire additional shares in Cementos Pacasmayo, in accordance with Peruvian regulations.

auto_awesomeAnalysis

This filing confirms the successful closing of Holcim Ltd.'s acquisition of a 50.01% controlling stake in Cementos Pacasmayo S.A.A., following the Peruvian antitrust authority's authorization on March 23, 2026. This transaction fundamentally alters Cementos Pacasmayo's ownership and strategic direction, integrating it into Holcim's global operations. While the company has recently faced an escalated inquiry from Peru's securities regulator and board changes, this acquisition provides a new strategic framework. Holcim anticipates significant synergies and plans a mandatory tender offer for additional shares, offering liquidity to existing shareholders.