Market: Argentina

Colombia’s Ecopetrol buys majority stake in ISA

Colombia’s largest oil company Ecopetrol has hired Baker McKenzie LLP in Bogotá, Buenos Aires, Santiago and Lima and Trench Rossi Watanabe in São Paulo to acquire a majority stake in Interconexión Eléctrica (ISA) from the Colombian government in a deal worth 14.2 trillion pesos (US$3.7 billion).

26 August 2021

Argentine fintech becomes unicorn with US$350 million injection

US firm Hughes Hubbard & Reed LLP has helped Argentine fintech Ualá raise US$350 million in a funding round co-led by SoftBank’s Latin America fund and Chinese investor Tencent, making it a unicorn company.

25 August 2021

E-commerce platform Nuvemshop becomes Brazil’s latest unicorn

US venture capital fund Insight Partners has enlisted Willkie Farr & Gallagher LLP in New York and Brazilian firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados, Marval O'Farrell Mairal in Buenos Aires and Mexico’s González Calvillo, SC to inject US$500 million into Brazilian e-commerce platform Nuvemshop.

24 August 2021

Shell returns to Paraguay with US$130 million acquisition

Brazilian energy group Raízen has hired Stocche Forbes Advogados in São Paulo, BKM | Berkemeyer in Asunción and Mitrani, Caballero & Ruiz Moreno in Buenos Aires to buy a controlling stake in Paraguayan fuel retailer Barcos & Rodados for US$130 million, marking Dutch oil giant Shell’s return to Paraguay after more than 15 years.

23 August 2021

Nicaraguan sugar producer obtains IFC loan

The International Finance Corporation (IFC) has enlisted Beccar Varela in Buenos Aires and Arias (Nicaragua) to provide a US$25 million loan to sugar processor Ingenio Monte Rosa.

18 August 2021

Marval O'Farrell promotes four to partner

Argentine Latin Lawyer Elite firm Marval O'Farrell Mairal has promoted four lawyers to its senior rank, bolstering the firm's corporate, public, banking and criminal law practices.

17 August 2021

Edenor completes US$300 million consent solicitation

DLA Piper offices in Buenos Aires and New York have helped Argentina’s largest electricity supplier, Edenor, sign a consent solicitation agreement with noteholders to renegotiate the terms of US$300 million worth of bonds.

17 August 2021

Uruguay's Hughes & Hughes helps Argentine bank set up brokerage

Argentina’s Grupo Financiero Galicia has relied on Hughes & Hughes in Montevideo to obtain a license to operate as a securities broker in Uruguay.

17 August 2021

Argentine laboratory raises funds to develop Sputnik vaccine

Pharmaceutical company Laboratorios Richmond has raised US$85 million to develop Russia’s Sputnik V covid-19 vaccine in Argentina, launching a public offering that called on local counsel from Nicholson y Cano Abogados and Tavarone, Rovelli, Salim & Miani.

16 August 2021

Multiple firms steer Lumen’s US$2.7 billion LatAm business sale

US private equity company Stonepeak has enlisted Simpson Thacher & Bartlett LLP in New York and Palo Alto as lead international counsel to buy Lumen Technologies’ Latin American business for US$2.7 billion.

05 August 2021

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