Market: Chile

PAGBAM and Schwencke on the reasons for their tie-up

The recent integration agreement reached between Argentine firm Pérez Alati, Grondona, Benites & Arntsen (PAGBAM) and Chile’s Schwencke & Cía – which has since rebranded as PAGBAM Schwencke Chile – was an interesting move from two established firms in their respective markets. We speak to partners from both sides about their motivations for the tie-up and where they go from here.

10 December 2020

Chile issues landmark sovereign social bonds

Three Cleary Gottlieb Steen & Hamilton LLP offices and Morales & Besa in Santiago have helped the Republic of Chile raise US$2.1 billion in its first social bond issuance, the proceeds of which it will use to partly fund the country’s covid-19 efforts.

27 November 2020

Codelco threatens Ecuador with arbitration

Chile’s state-owned copper company has threatened to file an investment treaty claim against Ecuador over the alleged failure of its national mining company to comply with agreements to develop a multibillion copper project near Quito.

27 November 2020

PPU helps shipping companies set up blockchain network in Chile

Philippi Prietocarrizosa Ferrero DU & Uría (Chile) has helped a group of nine international shipping companies launch a blockchain-based online platform for maritime logistics services.

24 November 2020

LatAm firms in Advent’s US$2.7 billion global buy of Nielsen business

Several Ropes & Gray LLP offices, Brazil’s Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and Creel, García-Cuéllar, Aiza y Enriquez SC in Mexico City have helped private equity investor Advent International buy Nielsen’s retailer data business, Global Connect, for US$2.7 billion.

23 November 2020

State Grid pays US$3 billion for Spanish power assets in Chile

Three Paul, Weiss, Rifkind, Wharton & Garrison LLP offices and Chile’s Claro & Cía have helped Chinese power company State Grid acquire Spanish counterpart Naturgy’s majority stake in Chilean transmission group Compañía General de Electricidad (CGE) for 2.6 billion euros (US$3 billion).

18 November 2020

Claro & Cía and Cariola Díez steer bus purchase loan

Chile’s Claro & Cía has helped local automotive company Kaufmann get a US$23 million loan from Brazil’s development bank BNDES.

18 November 2020

Chile's SQM to pay US$62.5 million to settle class action lawsuit

Chilean mining company Sociedad Química y Minera de Chile SA (SQM) announced on 11 November that it has agreed to pay US$62.5 million to resolve a class action lawsuit brought by investors. By Ines Kagubare

17 November 2020

Mesoamerica buys remaining stake in Chilean food chain operator

Carey has helped private equity investor Mesoamerica acquire the remaining 25% stake in Chilean food chain operator Unifood, becoming its sole stakeholder.

17 November 2020

PAGBAM opens in Chile with Schwenke & Cía tie-up

Pérez Alati, Grondona, Benites & Arntsen (PAGBAM) has reached an integration agreement with Chilean law firm Schwencke & Cía, in what is thought to be the first time an Argentine firm has opened an operational office outside its home country.

16 November 2020

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