News

Chilean investor buys into Peruvian road concession

Chilean investor buys into Peruvian road concession

21 June 2018

Philippi Prietocarrizosa Ferrero DU & Uría (Peru) and Ried Fabres in Santiago have helped Chilean investment group BCI acquire a 48% stake in road operator Novial from Peruvian construction conglomerate Graña y Montero in a US$42.3 million deal.

European utility companies fight over Brazil’s Eletropaulo

European utility companies fight over Brazil’s Eletropaulo

18 June 2018

Cescon, Barrieu, Flesch & Barreto Advogados; Rosman, Penalva, Souza Leão, Franco, Vale Advogados and Yazbek Advogados in São Paulo have helped Italian utilities company Enel buy a 74% stake in Brazil’s largest power distributor Eletropaulo for 5.6 billion reais (US$1.4 billion), but the deal is now ensnared in dispute proceedings after a hard-fought bid war ended in disagreement.

Bolivia agrees to pay ICSID award

Bolivia agrees to pay ICSID award

18 June 2018

Bolivia has agreed to pay US$42.6 million to satisfy an award from the International Centre for Settlement of Investment Disputes (ICSID) in favour of Chilean company Quiborax, ending a 12-year dispute over the expropriation of mining concessions by a previous administration.

Grupo Inder hooks fishing sale

Grupo Inder hooks fishing sale

18 June 2018

Barros & Errázuriz Abogados has helped Chilean investment company Grupo Inder sell a subsidiary’s salmon farming operations to food producer and distributor Agrosuper for US$229 million.

Masisa reorganises

18 June 2018

Carey has helped Chilean wood products company Masisa make a US$582 million capital increase as part of a corporate reorganisation deal.

Chile tacks on antitrust behavioural remedies in Bayer/Monsanto deal

18 June 2018

Chile’s competition watchdog has conditionally cleared Bayer’s acquisition of Monsanto, subject to the divestment of certain seed and herbicide businesses and the agrochemical company agreeing not to offer exclusivity rebates for some of its products.

Chilean salmon farmer snaps up rivals

Chilean salmon farmer snaps up rivals

15 June 2018

CMS Carey & Allende has helped Chilean fish farmer AquaChile acquire local counterparts Salmones Magallanes and Pesquera Edén for US$225 million.

Corporate promotions on the rise across LatAm

Corporate promotions on the rise across LatAm

14 June 2018

Just under half of the Latin American promotions reported to Latin Lawyer last month involved corporate lawyers as regional GDP growth recovers.

Football rights deal probed by Chilean antitrust regulator

14 June 2018

Chile’s competition watchdog has opened a Phase II investigation into US content provider Turner’s proposed purchase of Chilean football broadcasting rights because of concerns the deal could harm competition in the country’s pay-TV market.

Carey hosts latest event in female mentoring programme

Carey hosts latest event in female mentoring programme

11 June 2018

Chilean professor Claudia Berger delivered a session on public speaking to a group of mentees last week as part of a series of events in the second edition of Carey’s female mentoring programme, Learning to Lead.