Cementos Pacasmayo plans to separate cement and phosphate operation
Published by Joseph Green,
Editor
World Cement,
Reuters are reporting that Cementos Pacasmayo, Peru, has announced plans to separate its cement operation and phosphate holdings into two independent public companies.
The company's ownership of Fosfatos Del Pacifico will be transferred to a separate entity, Fossal, that will in turn own 70% of Fospac.
The proposed corporate reorganisation is tax-free.
Fossal will retain same the directors and CEO.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/the-americas/23082016/cementos-pacasmayo-cement-operation-phosphate-holdings-134/
You might also like
The World Cement Podcast - The changing face of cement in Europe
In this special joint episode of the World Cement Podcast and Cementing Europe’s Future, Senior Editor David Bizley is once again joined by Koen Coppelholle, CEO of Cement Europe (formerly CEMBUREAU). The two discuss the reasons behind the rebrand, a new action plan for cement, and the future of the industry.
Tune in to the World Cement Podcast on your favourite podcast app today.
