Market: International

Japan’s Sumitomo snaps up Brazilian agribusiness Nativa

Japanese conglomerate Sumitomo has enlisted FLH Advogados to buy Brazilian agricultural supplies distributor Nativa Agronegócios.

26 July 2022

Mexican investor scores stake in Spanish football club

Uría Menéndez in Madrid and Von Wobeser y Sierra, SC in Mexico City have helped Mexico’s Grupo Orlegi – the owner of several local football clubs – buy a majority stake in Spanish team Real Sporting de Gijón.

26 July 2022

Tenaris signs US$460 million US pipe maker acquisition

Argentine steel manufacturer Tenaris has enlisted US firms Sullivan & Cromwell LLP and Jones Walker LLP, and Mitrani Caballero & Ruiz Moreno in Buenos Aires to buy Louisiana-based seamless steel pipe manufacturer Benteler for US$460 million.

25 July 2022

Avianca JV accused of breaching merger condition

Colombia’s competition enforcer has launched an investigation into whether the country’s largest airline and a local travel agency breached a merger condition after the authority conditionally approved their joint venture in 2018.

25 July 2022

Several firms wrap up Argentina-US snack buy

Argentine food company Georgalos has enlisted Estudio Alegria Buey Fernández Fissore Montemerlo to buy several assets, including the historic peanut butter nougat brand Mantecol, from US confectionary giant Mondelēz.

25 July 2022

São Paulo water company gets blue loans from IFC and IDB Invest

Two Clifford Chance LLP offices and Cescon, Barrieu, Flesch & Barreto Advogados in São Paulo have helped Brazilian state-owned water group Companhia de Saneamento Básico do Estado de São Paulo (SABESP) obtain two separate loans from multinational lenders IFC and IDB Invest, worth a total of 1.2 billion reais (US$230 million).

25 July 2022

Gunderson Dettmer opens São Paulo office

Venture capital-focused US law firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP is betting on increased work in Latin America with an outpost in São Paulo.

22 July 2022

Itaú snaps up stake in Brazilian broker

Veirano Advogados in São Paulo has helped Itaú Unibanco acquire a minority stake in Avenue Holding, a broker-dealer for Brazilian investors, for 493 million reais (US$92 million).

22 July 2022

Register now for Latin Lawyer Live: Private Equity 2022

The programme for our upcoming Latin Lawyer Live: Private Equity 2022 conference in New York is now available online.

21 July 2022

Crédito Real seeks Chapter 15 recognition of Mexican liquidation

Shadow bank Crédito Real is seeking Chapter 15 recognition of its recently-ordered Mexican liquidation in Delaware to protect its US assets, as it looks to dismiss an involuntary Chapter 11 proceeding launched by creditors in New York last month.

21 July 2022

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