ClarificationJul 16, 2026, 04:17 PM
Cementos Pacasmayo Clarifies Holcim Acquisition & OPA Disclosures to SMV
AI Summary
Cementos Pacasmayo S.A.A. (CPAC) responded to an official letter from the Superintendency of the Securities Market (SMV) regarding disclosures related to Holcim Ltd.'s indirect acquisition of 50.01% of CPAC's share capital, which triggered a mandatory tender offer (OPA). CPAC clarified its role as a non-party to the Share Purchase Agreement (SPA), explained that interim covenants did not impose direct obligations on the company, and detailed the nature of the escrow account as part of the purchase price. The company also addressed the disclosure of a valuation report, asserting its compliance with all applicable securities market regulations.
Key Highlights
- Holcim indirectly acquired 50.01% of Cementos Pacasmayo's share capital via Aspi.
- The acquisition triggered a mandatory tender offer (OPA) obligation for Holcim.
- Cementos Pacasmayo was not a party to the Share Purchase Agreement (SPA).
- Interim covenants in the SPA did not impose direct obligations or restrictions on Cementos Pacasmayo.
- The S/ 185 million escrow account is part of the purchase price, not an additional payment.
- A confidential valuation report was publicly disclosed with redactions for sensitive information.
- Cementos Pacasmayo asserts full compliance with material event disclosure regulations.
Price Impact
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