The Board of Volcan Compañía Minera S.A.A. (BVL:VOLCABC1) announced the spin-off of Inversiones Portuarias Chancay S.A.A. in April 2023. As per the transaction, the port business of Volcan Compañía Minera S.A.A. will be demerged into a new company, and the shares of which will be given to the shareholders of Volcan Compañía Minera S.A.A. As per the transaction, until May 21, 2024, Volcan's partners can exchange one share of Volcan Compañía Minera S.A.A. for one of Inversiones Portuarias Chancay S.A.A. The transaction is approved by shareholders of Volcan Compañía Minera S.A.A. The transaction is expected to close on May 23, 2024.

The Board of Volcan Compañía Minera S.A.A. (BVL:VOLCABC1) completed the spin-off of Inversiones Portuarias Chancay S.A.A. on May 23, 2024.