Holcim Buys $750 Million Majority Stake in Peruvian Firm
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Holcim Ltd. is buying a majority stake in Cementos Pacasmayo, a building materials producer in Peru, its largest acquisition in Latin America.Holcim will acquire 50.01% of the Lima and New York-listed company from the controlling Hochschild family, according to a spokesperson. The deal values Cementos Pacasmayo at $1.5 billion, according to a statementBloomberg Terminal Tuesday.