RegulatoryNov 2, 2026, 04:32 PM
CPAC: Valuation Report Response Submitted to SMV; Minimum Price Unchanged
AI Summary
Cementos Pacasmayo SAA (CPAC) has filed an update regarding the Public Tender Offer, detailing the response submitted by valuation entity MSRA S.A.C. to the Superintendencia del Mercado De Valores (SMV). MSRA S.A.C. addressed specific observations from the SMV concerning the valuation report, confirming that these clarifications do not alter the previously determined minimum price per share of S/ 8.93. The filing includes detailed analysis on CPAC's volume projections, depreciation and amortization calculations, and realization factors for assets in a liquidation scenario.
Key Highlights
- Cementos Pacasmayo SAA (CPAC) reports on the response submitted by MSRA S.A.C. to the SMV regarding the valuation report for the Public Tender Offer.
- MSRA S.A.C. addressed SMV's observations on requirements 2.2, 2.9, and 3.1 of the valuation report.
- The response confirms that the addressed points do not modify the minimum price of S/ 8.93 per common share.
- Analysis of CPAC's volume projection shows elasticity close to 1 with private investment rate, supported by historical data.
- Depreciation and amortization calculations for 2036 were detailed, including existing assets, future CapEx, and 2035 expansion.
- Realization factors for inventories (56%) and other property, plant, and equipment (62%) were calculated based on liquidation scenarios.
Price Impact
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