Market: Colombia

Posse Herrera leads Parque Arauco shopping centre sale

The Colombian subsidiary of Chilean shopping centre operator Parque Arauco has hired Posse Herrera Ruiz to sell a minority stake in two local shopping centres for 588 billion Colombian pesos (US$160 million) to real estate investment fund INMOVAL.

18 February 2021

Several Colombian firms in cross-border software acquisition

Lenz & Staehelin in Zürich and the Bogotá offices of Cuatrecasas and Posse Herrera Ruiz have helped Swiss IT services company SoftwareONE acquire a further 60% stake in Colombian counterpart InterGrupo.

11 February 2021

Colombia makes debt transactions worth US$4 billion

Arnold & Porter in New York and Washington, DC has helped the Republic of Colombia raise US$2.8 billion in a sovereign debt tap and launch a tender offer to buy back existing debt.

05 February 2021

Gómez-Pinzón appoints Lina Uribe to front M&A practice

Colombian Latin Lawyer Elite firm Gómez-Pinzón has appointed partner Lina Uribe to lead its corporate and M&A practice, making her one of the only women partners to hold that position in Colombia.

04 February 2021

Mercado Libre joins the list of LatAm sustainable bond issuers

Four Cleary Gottlieb Steen & Hamilton LLP offices and a group of Latin American law firms have helped Argentine e-commerce company Mercado Libre raise US$1.1 billion in an inaugural international debt tap, which included a tranche of sustainability-linked bonds worth US$400 million.

22 January 2021

Disputes arise from Colombian hydro dam disaster

A Colombian public utility is seeking US$1.6 billion from a Spanish insurer following the collapse of a hydroelectric dam which caused a major flood, while another billion-dollar dispute with the consortiums behind the project has also gone to arbitration.

21 January 2021

Colombia issues first Odebrecht collusion fines

Colombia’s competition authority has fined Odebrecht, two other construction companies and four individuals a combined €70.6 million (US$85.5 million) for rigging a tender to construct a highway project worth more than €1 billion (US$1.2 billion).

21 January 2021

Sandvik relies on LatAm firms for global mining deal

Multiple Norton Rose Fulbright offices and a slew of Latin American law firms have helped Swedish engineering company Sandvik acquire multinational mining solutions company DSI Underground from European investor Triton for 943 million euros (US$1.1 billion).

15 January 2021

Colombian development plan gets financial boost from French lender

CMS Rodríguez-Azuero in Bogotá has helped the French Development Agency (AFD) lend 210 million euro (US$256 million) to the Republic of Colombia for the government’s National Development Plan, which is aimed at improving socioeconomic conditions in the country.

14 January 2021

First operational 4G toll road in Colombia gets refinancing

Clifford Chance LLP in New York and Washington, DC, Garrigues (Colombia), Mendoza Abogados in Bogotá and Philippi Prietocarrizosa Ferrero DU & Uría (Colombia) have helped a group of local and international lenders provide a US$543 million refinancing to Colombia’s first completed 4G toll road project.

14 January 2021

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