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Cementos Pacasmayo Gains Unconditional Antitrust Clearance for Holcim Control Deal

Story Highlights
  • INDECOPI has unconditionally approved Holcim’s planned acquisition of Inversiones Aspi, owner of 50.01% of Cementos Pacasmayo.
  • Despite securing antitrust clearance, the Holcim-Cementos Pacasmayo control transaction still depends on remaining agreed closing conditions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cementos Pacasmayo Gains Unconditional Antitrust Clearance for Holcim Control Deal

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The latest update is out from Cementos Pacasmayo SAA ( (CPAC) ).

On March 21, 2026, Cementos Pacasmayo disclosed that Peru’s competition authority INDECOPI has granted unconditional approval for Holcim Ltd.’s planned acquisition of 99.99% of Inversiones Aspi S.A., which owns 50.01% of Cementos Pacasmayo’s capital stock. The clearance marks a key regulatory milestone for the change in control but the closing of the transaction still depends on the fulfillment of additional conditions agreed between Inversiones Aspi’s majority shareholders and Holcim.

The deal, initially announced to the market on December 16, 2025, would give Swiss-based Holcim effective control over Cementos Pacasmayo if it is completed. While the regulatory approval removes a major uncertainty around antitrust risks, stakeholders must still await satisfaction of remaining contractual conditions before the ownership transfer and any subsequent strategic or operational changes can materialize.

The most recent analyst rating on (CPAC) stock is a Hold with a $10.00 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., also known as Pacasmayo Cement Corporation, is a Peruvian cement producer headquartered in Lima. The company operates in the construction materials industry, with its primary business focused on manufacturing and marketing cement and related products for the Peruvian market.

Average Trading Volume: 22,290

Technical Sentiment Signal: Buy

Current Market Cap: $897.9M

Learn more about CPAC stock on TipRanks’ Stock Analysis page.

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