Holcim to Take Major Stake in Cementos Pacasmayo

Holcim is acquiring a majority stake in Peruvian building materials company Cementos Pacasmayo for approximately USD 1.5 billion, aiming to expand its presence in Latin America and accelerate growth in line with its NextGen Growth 2030 strategy. The deal is expected to be EPS and free cash flow accretive in the first year, with synergies of around USD 40 million by year three, and is subject to regulatory approval, expected to close in H1 2026.