Brief: Cementos Pacasmayo plans to separate cement operation and phosphate holdings into two public companies
22/08/2016 23:08
Aug 22 (Reuters) - Cementos Pacasmayo SAA CPA.LM
* Cementos Pacasmayo announces plan to separate cement
operation and phosphate holdings into two independent public
companies
* Company's ownership of Fosfatos Del Pacifico will be
transferred to a separate entity, Fossal
* Proposed corporate reorganization is tax-free
* Fossal will in turn own 70% of Fospac
* For each common share of co existing shareholders to
receive about 0.20 common share of Fossal & about 0.80 common
share of co
* Fossal will retain same directors and CEO
Source text for Eikon: ID:nBwcdKqPqa
Further company coverage: CPA.LM
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