Cementos Pacasmayo Challenges SMV Orders Amid Holcim Control-Change Review

Cementos Pacasmayo SAA ( (CPAC) ) has provided an update.

On March 19, 2026, Cementos Pacasmayo S.A.A. filed a Form 6-K in the United States detailing its response to Peruvian securities regulator SMV’s Official Letter No. 1004-2026-SMV/11.1, issued and notified on March 11, 2026. The company informed the SMV on March 17, 2026 that it had submitted a response brief as a material fact, addressing information requests tied to its audited 2025 financial statements and a pending change in control.

The filing recalls that on December 16, 2025 the market was informed that Holcim Ltd. agreed to acquire 99.99% of Inversiones ASPI S.A., which indirectly controls 50.01% of Cementos Pacasmayo. In its March 17 correspondence, the company challenges what it sees as an overreach of the SMV’s supervisory powers, particularly an instruction to reverse certain Holcim-related transaction expenses and reclassify them as a receivable, arguing such directives intrude on management’s business judgment and accounting decisions. This dispute underscores regulatory scrutiny around the Holcim transaction and could influence how Peruvian issuers balance disclosure obligations with autonomy over financial and strategic decisions.

The most recent analyst rating on (CPAC) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Cementos Pacasmayo SAA stock, see the CPAC Stock Forecast page.

Spark’s Take on CPAC Stock

According to Spark, TipRanks’ AI Analyst, CPAC is a Neutral.

The score is driven mainly by mixed financial performance—solid operating margins and generally positive free cash flow, but pressured by leverage and recent margin/revenue softness. Technicals are supportive with an established uptrend and moderate momentum, while valuation is helped by the high dividend yield but offset by a mid-range P/E. Earnings call commentary is net positive on volumes and margins, though transaction costs and project-driven volatility remain key risks.

To see Spark’s full report on CPAC stock, click here.

More about Cementos Pacasmayo SAA

Cementos Pacasmayo S.A.A., or Pacasmayo Cement Corporation, is a Peruvian cement producer serving the domestic construction and infrastructure markets. The company is majority-controlled through Inversiones ASPI S.A., part of the Hochschild Group, which holds just over half of its share capital, and it prepares audited financial statements under international accounting standards.

Average Trading Volume: 22,696

Technical Sentiment Signal: Buy

Current Market Cap: $925.7M

Find detailed analytics on CPAC stock on TipRanks’ Stock Analysis page.