Cementos Pacasmayo SAA ADR (CPAC)

Holcim's acquisition of a 50.01% stake in Cementos Pacasmayo (CPAC) through Inversiones ASPI S.A. was initially valued at an Enterprise Value of $1.5 billion (S/ 5,100 million) for 100% of CPAC's shares. Although the implied purchase price for the 50.01% stake was S/ 1,850,370,000, additional deductions for ASPI's debt (S/ 169,709,810) and excess transaction expenses (S/ 40,332,966) reduced the final cash paid to S/ 1,640,327,224.69. These adjustments, made under a "locked box" pricing mechanism, did not alter the economic value ascribed to CPAC itself.

The article provides a price target for Cementos Pacasmayo SAA Sponsored ADR (CPAC) of 12.93, based on forecasts from three analysts. It notes that this is not investment advice and encourages readers to conduct their own research. The page also includes various disclaimers and information about TradingView's offerings.

Cementos Pacasmayo S.A.A. announced that the Peruvian Superintendency of the Securities Market has declared void the first call in the selection process for a valuation entity. This entity was intended to determine the minimum price for Holcim Ltd.'s tender offer for Cementos Pacasmayo's common shares. Consequently, the minimum price for the tender offer remains undetermined.

Holcim Ltd. has requested an extension from Peru's Superintendence of the Securities Market (SMV) to commence its tender offer for Cementos Pacasmayo (CPAC) common shares. The extension is sought because the valuation entity, responsible for determining the minimum offer price, has not yet been appointed. Holcim proposes a new deadline of up to 60 business days from the valuation entity's appointment or 5 business days after its report is issued, whichever comes first.

Holcim has requested an exceptional extension from SMV to delay the launch of a mandatory tender offer for Cementos Pacasmayo shares. This delay is sought to push the launch deadline by up to 60 business days from the valuation firm's appointment, or five business days after the valuation report's issuance, whichever comes first, as Holcim has not yet appointed the necessary valuation firm. The tender offer targets remaining common shares not owned by Holcim's unit, Inversiones ASPI.