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
Heidelberg Materials invests in clean-tech start-up EnviCore
Heidelberg Materials aims at scaling up EnviCore’s proprietary technology to reprocess recycled construction and demolition waste into high-quality secondary cementitious materials (SCMs)
