Posted in | News | Business | Minerals

Pacasmayo to Acquire Zemex Minerals

Mar 4 2003

Industrial minerals producer Zemex have agreed to be acquired by Peruvian Cementos Pacasmayo S.A.A. Cementos Pacasmayo S.A.A. will pay US$8.80 per share, with the total purchase price estimated at US$100 million including outstanding debt.

Zemex received advice from a third party indicating that the deal was fair to shareholders and the board will recommend that the deal prooceed.

The deal is expected to be completed by the end of May of this year, pending regulatory approvals.

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