Peruvian Cement Stock Cementos Pacasmayo Skyrockets After Holcim Move

Cementos Pacasmayo S.A.A. (NYSE:CPAC) stock skyrocketed Tuesday after the company announced a significant ownership change after a global cement leader agreed to acquire its controlling shareholder.

Switzerland-based Holcim Ltd. (OTC:HCMLY) signed an agreement to purchase Inversiones Aspi S.A., part of the Hochschild Group, which holds 50.01% of Cementos Pacasmayo.

The deal implies an enterprise valuation of roughly 5.1 billion Peruvian soles (~$1.4 billion), calculated at nine times EBITDA for the 12 months ended September 2025, a period that marked the strongest operating performance in the company's history.

Also Read: Is Vulcan Materials Co. Gaining or Losing Market Support?

Market Reaction

Cementos Pacasmayo S.A.A. stock jumped following the announcement as investors priced in the implied takeover premium and the backing of one of the world's largest building materials groups.

Company executives stated that the agreement rewards long-term shareholders and positions Cementos Pacasmayo for accelerated growth.

A senior leader called the transaction the culmination of decades spent building a trusted brand and an efficient production network, emphasizing that the partnership with Holcim will create new opportunities for employees and expand the company's international reach.

The acquisition remains subject to regulatory approvals, with company officials expecting the process to conclude in the first half of 2026, provided customary reviews proceed as planned.

CPAC Price Action: Cementos Pacasmayo shares were up 48.93% at $10.41 at the time of publication on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.

Read Next:

• Ford Chooses Its Battles: Hybrids And Trucks Over Tesla EV Showdown

Photo by nitpicker via Shutterstock