DealsOct 16, 2026, 01:56 PM
Holcim Ltd. to Launch Tender Offer for Cementos Pacasmayo S.A.A. Shares
AI Summary
Cementos Pacasmayo S.A.A. announced that Holcim Ltd. has filed an amendment to its Schedule 13D with the SEC. This filing details Holcim's acquisition of 99.99% of Inversiones Aspi S.A. and its subsequent undertaking to launch a tender offer for at least an additional 24.99% of Cementos Pacasmayo's common shares. The tender offer, which will be made for all common shares, is permitted to be conducted by Inversiones Aspi following an exemption granted by the SMV. An independent valuation report has been submitted to determine the offer price, though the tender offer has not yet been launched.
Key Highlights
- Holcim Ltd. filed an amendment to Schedule 13D with the SEC regarding its tender offer for Cementos Pacasmayo S.A.A.
- Holcim Ltd. acquired 99.99% of Inversiones Aspi S.A. from sellers including Eduardo Hochschild Beeck and Farragut Holdings, Inc.
- Holcim Ltd. is undertaking a tender offer for at least an additional 24.99% of Cementos Pacasmayo S.A.A. common shares.
- The tender offer will be made for all of Cementos Pacasmayo S.A.A.'s common shares, including those represented by ADSs.
- The Superintendencia del Mercado de Valores (SMV) granted an exemption allowing the tender offer to be made by Inversiones Aspi.
- An independent valuation firm submitted its report to the SMV to determine the minimum price for the tender offer.
- Inversiones Aspi has not yet launched the tender offer.
Price Impact
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