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Below we present all M&A deals that were closed, signed or announced in Central America, Panama and the Dominican Republic between March and December 2019.
Alemán, Cordero, Galindo & Lee has helped Colombian holding company Grupo Aval acquire Panama’s Multi Financial Group, including its subsidiary Multibank, in a deal worth over US$433 million.
An Italian-owned company has filed an International Centre for Settlement of Investment Disputes (ICSID) claim against Panama after complaining that an arbitrary reduction in the price of ethanol led to the closure of its local biofuel facilities.
Latin Lawyer recorded 22 multijurisdictional M&A deals that closed in Latin America from March to December 2019. Counting the deals, of which the value was public, the combined deal value was US$2.5 billion.
Latin Lawyer recorded 11 debt capital markets deals in Central America, the Dominican Republic, Ecuador, Panama, Paraguay and Uruguay, with a total combined value of approximately US$7.1 billion.
Colombian aviation group Avianca has filed for Chapter 11 protection in New York seeking to reduce its fleet in light of the covid-19 pandemic, in what is the second time it has turned to US bankruptcy courts since it became an early "bankruptcy tourist" almost two decades ago.
Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York and Bermuda’s Conyers, Dill & Pearman have helped one of the world’s largest cruise operators, Carnival Corporation, raise US$6 billion in simultaneous debt and equity issuances amid travel restrictions worldwide due to covid-19.
In the decade ahead of the 2017 Centre for Aviation (CAPA) summit in Colombia, Latin American airlines had tripled their flight seats on offer and the region was comfortably the world’s fastest growing for online reservations. At the summit, experts expressed optimism for the region’s aviation sector – but three years and a pandemic later, global airline revenues are forecast to lose a whopping US$315 billion.
During what is usually high season for the industry, Latin Lawyer speaks to external counsel advising companies in Latin America’s tourism and hospitality sector, which has been hit hard by the covid-19 pandemic.