Becker Glynn Advises Longtime Client Hochschild Family in Connection with Sale of Its Controlling Stake in Cementos Pacasmayo SAA

A Becker Glynn team led by partners Robert Muffly and Eric Kuhn and associates Christian Prencipe and Paula Eppinghaus, advised our client, the Hochschild family, on the signing of an agreement to sell its 50.01% controlling stake in Cementos Pacasmayo SAA (NYSE: CPAC; BVL: CPACASC1), a leading Peruvian producer of cement and construction materials, to Swiss cement group Holcim for approximately US$1.5 billion.

This strategic acquisition will strengthen Holcim’s footprint in Peru and support its continued growth across the Latin American region.  The transaction remains subject to regulatory approvals and customary closing conditions, with closing expected in the first half of 2026.

Becker Glynn acted as lead counsel to the sellers in coordination with Garrigues’ Peruvian office, while Holcim was represented by Freshfields (New York) and Muñiz, Ramírez, Pérez – Taiman & Olaya Abogados (Peru).