Pacasmayo Cement CPAC surges 52.22% on Holcim's 50.01% stake offer

Pacasmayo Cement (CPAC) surged 52.2175% in pre-market trading on Dec. 17, 2025, marking one of the most dramatic single-day moves in the cement sector. The stock’s historic rise follows Holcim’s $5.1 billion offer for a 50.01% controlling stake, valuing the Peruvian firm at a 9x EBITDA multiple—30% above its current market capitalization. Investors are betting on regulatory approval by early 2026, which could solidify the deal’s transformative impact on CPAC’s valuation and strategic positioning in Latin America’s cement market.

The acquisition highlights Holcim’s confidence in Pacasmayo’s operational efficiency and its dominance in Peru, where cement consumption grew 10.2% year-over-year. The 9x EBITDA premium, based on record trailing twelve-month earnings, has redefined sector benchmarks and triggered speculative buying.

Technical indicators, including a price surge 71% above the 200-day moving average, reinforce short-term bullish momentum, though traders are closely monitoring the $11.30 52-week high as a key resistance level.

With Holcim’s global strategy focused on consolidating high-margin emerging market assets, Pacasmayo’s low-debt profile and geographic exposure position it as a strategic fit. However, risks remain tied to regulatory delays or broader sector headwinds like decarbonization costs. For now, the stock’s trajectory reflects a market-wide conviction that the deal will unlock long-term value, provided approval timelines align with expectations in the first half of 2026.

Industry analysts are also tracking the potential ripple effects of this deal on regional cement prices and supply chain dynamics. Given the scale of the transaction and the strategic implications, this is a high-stakes move that could reshape the competitive landscape. The market is now pricing in the assumption of regulatory clearance and long-term operational synergies between Holcim and Pacasmayo.

Meanwhile, broader macroeconomic signals—especially in emerging markets—remain a wildcard for CPAC’s future trajectory. Investors are advised to maintain a balanced view, considering both the high-reward potential and the regulatory and operational uncertainties that remain.