Holcim to Launch Public Tender Offer for All Outstanding Cementos Pacasmayo Shares
CPAC sits 88% above its 52-week low of $5.664.
Summary
Holcim Ltd. and Inversiones ASPI S.A. have decided to proceed with a public tender offer to acquire all remaining outstanding common shares of Cementos Pacasmayo SAA, signaling a potential full acquisition.
Key Events · M&A and Partnerships · CPAC
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Decision for Public Tender Offer
Holcim's Executive Committee determined on June 15, 2026, to make a Public Tender Offer for any and all outstanding Common Shares of Cementos Pacasmayo SAA.
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Majority Ownership Already Held
The reporting persons, Inversiones ASPI S.A. and Holcim Ltd., collectively own 211,985,547 shares, representing 50.01% of Cementos Pacasmayo's common shares.
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Amendment to Prior Filing
This Schedule 13D/A amends the original Schedule 13D filed on April 4, 2026, providing a material update on the tender offer process.
Analysis · CPAC · Manufacturing
This filing marks a critical development towards a full acquisition of Cementos Pacasmayo SAA. Holcim's Executive Committee has formally decided to proceed with a public tender offer for any and all outstanding common shares. As Holcim and Inversiones ASPI S.A. already collectively own 50.01% of the company, this move signals a strong intent to gain full control or take the company private. This event will likely lead to a significant re-pricing of Cementos Pacasmayo's stock, potentially towards the tender offer price, offering a clear exit for minority shareholders. Investors should now anticipate the formal launch of the tender offer and its specific terms, including the proposed acquisition price.
At the time of this filing, CPAC was trading at $10.66 on NYSE in the Manufacturing sector, with a market capitalization of approximately $982.6M. The 52-week trading range was $5.66 to $11.50. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.