Shares of Cementos Pacasmayo SAA ADR (NYSE:CPAC) jumped nearly 29% in pre-market trading on Tuesday after the Peruvian cement producer revealed that Holcim has agreed to acquire a majority stake in the company.
Under the agreement, the Swiss cement group will purchase Inversiones Aspi S.A., the holding company that owns 50.01% of Cementos Pacasmayo. The transaction values the business at around S/ 5.1 billion, based on an EBITDA multiple of nine times for the twelve months ended September 2025. The company said the valuation represents a meaningful premium compared with its current market capitalization.
The deal would see Cementos Pacasmayo become part of one of the world’s largest cement groups. Founded 68 years ago, the Peruvian company has built a reputation as one of the most profitable cement producers in Latin America, supported by strong brand recognition and modern production assets.
“We are very pleased and proud of this transaction,” the company stated. “We are confident that the extraordinary Pacasmayo team will continue to contribute to creating value for shareholders, not only in Peru but also globally.”
Completion of the acquisition remains subject to regulatory approvals, with closing targeted for the first half of 2026.