[6-K] CEMENTOS PACASMAYO SAA Current Report (Foreign Issuer)
Rhea-AI Filing Summary
Cementos Pacasmayo S.A.A. reports that the majority shareholders of Inversiones ASPI S.A. and Holcim Ltd. have signed a share purchase agreement for 99.99% of Inversiones ASPI, which owns 50.01% of Cementos Pacasmayo’s share capital. The agreement is subject to conditions precedent and regulatory approvals.
The company states that the Transaction reflects a valuation of S/5,100 MM, calculated at nine times EBITDA for the twelve months ended September 2025, described as a historic record for the company and providing high profitability for shareholders with a significant premium over the current market capitalization. Execution and closing depend on approvals, including authorization from INDECOPI, which are estimated for the first half of 2026, and no transfer of Inversiones ASPI shares to the Holcim group has yet occurred.
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Insights
Holcim agreed to buy Cementos Pacasmayo’s controlling holding company at a record valuation and premium, pending regulatory approvals.
The disclosure describes a share purchase agreement where majority shareholders of Inversiones ASPI S.A. will sell 99.99% of its shares to Holcim Ltd.. Inversiones ASPI owns 50.01% of Cementos Pacasmayo, so this deal effectively shifts control of the company’s main shareholder to the Holcim Group, subject to conditions precedent.
The company highlights a valuation of S/5,100 MM, based on a multiple of nine times EBITDA for the twelve months ended September 2025, calling this a historic record and noting a significant premium over the current market capitalization. If completed on these terms, that premium and multiple would be economically favorable for existing shareholders compared with the prevailing market value.
The transaction still depends on regulatory approvals, including authorization from INDECOPI under Law No. 31112, which are estimated for the first half of 2026, as well as other conditions precedent in the agreement. Actual impact will hinge on these approvals and the eventual closing, as the company confirms that no transfer of Inversiones ASPI shares to Holcim or its affiliates has yet taken place.