Holcim subsidiary Inversiones ASPI has launched a tender offer for the remaining 49.99 per cent of Cementos Pacasmayo’s voting common shares, following Holcim’s acquisition of control of the Peruvian cement producer in March.
The offer covers up to 211.88m shares at PEN8.93 (US$2.61) each, implying a maximum consideration of approximately PEN1.89bn (US$552m). Full acceptance would increase ASPI’s holding to 100 per cent of Pacasmayo’s voting common shares.
The concurrent Peruvian and US offers opened on 22 October and are scheduled to close on 20 November 2026. American Depositary Shares, each representing five common shares, are included at PEN44.65 per ADS.
Holcim completed its acquisition of ASPI, which holds 50.01 per cent of Pacasmayo’s common shares, on 30 March. Following completion of the offers, ASPI intends to delist Pacasmayo’s ADSs from the New York Stock Exchange, subject to applicable legal requirements. The offer excludes non-voting investment shares.
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