News

America Móvil continues buying spree with Nextel in Brazil

America Móvil continues buying spree with Nextel in Brazil

22 March 2019

Cleary Gottlieb Steen & Hamilton LLP in New York and Brazilian firm BMA - Barbosa, Müssnich, Aragão have helped Mexican telecoms company América Móvil acquire its Brazilian counterpart Nextel for US$905 million.

Red Eléctrica acquires transmission line project in Peru

22 March 2019

Garrigues (Peru) has helped Spain’s Red Eléctrica acquire a Peruvian transmission line project from counterpart Bow Power in what is understood to be its largest foreign acquisition as a single buyer.

Panel of five decides Oi arbitration case in Angola

22 March 2019

A subsidiary of Brazilian telecoms group Oi has been awarded US$650 million in an International Chamber of Commerce (ICC) case against its fellow shareholders in Angolan mobile carrier Unitel – a dispute that was heard by a five-member arbitral tribunal and reportedly involved claims worth US$3 billion.

Ecuador’s Favorita buys Grupo Rey in rare Panamanian public tender

22 March 2019

Icaza, Gonzalez Ruiz & Aleman in Panama City has helped Ecuadorian conglomerate Corporación Favorita acquire a 73% controlling interest in Panamanian supermarket chain Grupo Rey in what is understood to be the country’s first successful public tender offer in a decade.

Three firms star in Colombia oil block acquisitions

Three firms star in Colombia oil block acquisitions

21 March 2019

Dentons Cardenas & Cardenas in Bogotá has helped Canadian oil company Gran Tierra Energy acquire stakes in three oil blocks in southern and eastern Colombia for US$104 million from counterpart Vetra.

Enel brings arbitration claim against Panama

21 March 2019

A subsidiary of Italian renewable energy company Enel has lodged an International Centre for Settlement of Investment Disputes (ICSID) claim against Panama over the state’s failure to compensate it for commercial damage caused by a delay in the construction of an electricity transmission line.

LATAM Airlines completes massive debt tap

21 March 2019

Clifford Chance in New York and Chilean firm Claro & Cía have helped LATAM Airlines issue US$600 million in bonds.

Linklaters promotes in São Paulo

Linklaters promotes in São Paulo

20 March 2019

International firm Linklaters has promoted an associate to partner, bolstering its corporate practice in São Paulo.

Brazil’s largest chemist snaps up US competitor

Brazil’s largest chemist snaps up US competitor

20 March 2019

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in São Paulo has helped Brazil’s largest pharmaceutical retailer Raia Drogasil acquire its counterpart Drogaria Onofre from the US’ CVS Health.

Guaidó seeks to intervene in appeal over Citgo

20 March 2019

Venezuela’s self-declared acting president Juan Guaidó has asked a US court for leave to intervene in an appeal concerning the fate of the country’s most valuable US asset, oil refining business Citgo Petroleum.