Pacasmayo Cement shares surge 52.22% on Holcim's controlling stake acquisition

Shares of Pacasmayo Cement surged 52.2175% in pre-market trading on December 17, 2025, following an announcement that Swiss cement giant Holcim agreed to acquire a controlling stake in the Peruvian company. The deal involves Holcim purchasing Inversiones Aspi S.A., which holds 50.01% of Pacasmayo Cement, marking a strategic expansion of Holcim’s presence in Latin America.

The acquisition values Pacasmayo Cement at approximately S/5.1 billion (Peruvian Sol), or nine times its trailing twelve-month EBITDA, a premium over its current market capitalization. The transaction, pending regulatory approvals, is expected to close in the first half of 2026. The move positions Pacasmayo Cement to align with Holcim’s global operations, leveraging its established profitability and advanced production capabilities in the region.

Analysts highlight the deal as a validation of Pacasmayo Cement’s position as one of Latin America’s most profitable cement producers. The company emphasized confidence in its team’s ability to drive long-term value creation under Holcim’s ownership, with potential synergies expected to enhance operational efficiency and market reach.

With Holcim’s global integration, industry observers anticipate the company will benefit from enhanced capital access and international distribution networks. The Peruvian cement market, which has seen steady growth due to urbanization and infrastructure development, is expected to further benefit from this consolidation.

Looking ahead, the acquisition aligns with Holcim’s broader strategy to strengthen its presence in emerging markets. The company aims to expand its regional footprint while maintaining high operational standards, which could lead to increased market share and long-term profitability for the combined entity.