TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Peruvian Cement Stock Cementos Pacasmayo Skyrockets After Holcim Move

Benzinga Logo Benzinga By Akanksha Bakshi
Peruvian Cement Stock Cementos Pacasmayo Skyrockets After Holcim Move

Holcim Ltd. agreed to purchase Inversiones Aspi S.A., which holds 50.01% of Cementos Pacasmayo, for approximately $1.4 billion. The deal caused Cementos Pacasmayo's stock to surge 48.93%, reaching a new 52-week high.

Insights
CPAC   positive

Stock price increased significantly, company executives view the transaction as rewarding for shareholders and creating growth opportunities