Market: International

Ceramics group raises funds to refinance debt in Mexico

Several firms have helped Mexico’s Grupo Lamosa obtain US$197 million through two separate loan and securities transactions, the proceeds of which it will use to repay existing debt.

21 July 2022

Sidley Austin hires LatAm firepower from MoFo

Morrison & Foerster LLP partner Juan Delgado has moved to Sidley Austin LLP, bringing experience in Latin American corporate and private equity transactions.

20 July 2022

Argentina’s IRSA completes US$239 million exchange offer

Argentine real estate developer IRSA has hired Simpson Thacher & Bartlett LLP in New York and Zang, Bergel & Viñes Abogados in Buenos Aires to carry out an exchange offer of nearly US$239 million.

20 July 2022

Bogotá buses drive home financing 

Two offices of Clifford Chance LLP and Philippi Prietocarrizosa Ferrero DU & Uría (Colombia) have helped French and Colombian development banks lend US$130 million to the Bogotá bus system TransMilenio for the acquisition of an electric bus fleet.

20 July 2022

DOJ charges two asset managers in Venezuelan bribery scheme

The US Department of Justice (DOJ) has charged two financial asset managers for their alleged role in a scheme to launder an estimated US$1.2 billion in funds corruptly obtained from Venezuela’s state oil company, Petróleos de Venezuela (PDVSA).

20 July 2022

US and Danish investors snap up Peruvian payment business

US investment fund Nuveen Global Impact Strategy and Denmark’s Maj Invest have enlisted Rodrigo, Elías & Medrano Abogados in Lima to buy a controlling stake in Maryland-based payment network GTV Globokasnet (GKN), a deal that hands them the Peruvian subsidiary Globokas.

20 July 2022

PPU in Chilean lithium project sale

Philippi Prietocarrizosa Ferrero DU & Uría (Chile) has helped mining group Minera Salar Blanco divest its stake in a local lithium project to Australia’s Lithium Power International (LPI).

20 July 2022

Brazilian environmental company combines with US SPAC

Brazilian environmental management company Ambipar has enlisted five Simpson Thacher & Bartlett LLP offices and Mattos Filho in São Paulo to combine its emergency response unit with a US special purpose acquisition company (SPAC), in a deal worth 168 million reais (US$31 million).

19 July 2022

Several firms steer AES tender offer and loan in El Salvador

Alta Valdes, Suárez & Velasco in San Salvador has helped the local subsidiary of US energy group AES make a US$285 million tender offer and obtain a US$348 million credit line to purchase the tendered notes.

19 July 2022

Miner drops arbitration claim against Colombia

London-listed mining group Anglo American has withdrawn an International Centre for Settlement of Investment Disputes (ICSID) claim against Colombia over the blocked expansion of a coal mine after selling its stake in the project to Glencore, which is still pursuing its own treaty case.

19 July 2022

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