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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