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
Canada's carbon-cutting crusade
Cement Association of Canada explores an action plan designed to help decarbonise the cement industry.
