BRIEF-Cementos Pacasmayo plans to separate cement operation and phosphate holdings into two public companies

lunes 22 de agosto de 2016 20:06 GYT
 

Aug 22 (Reuters) - Cementos Pacasmayo SAA

* 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: Further company coverage: