Market: Panama

Delivery Hero continues expansion in Latin America

German food delivery company Delivery Hero has hired nine offices of global firm Dentons and Ulises Cabrera in Santo Domingo to acquire Salvadorean counterpart Hugo, handing it assets across Central American and the Caribbean.

27 October 2021

Liberty buys Claro Panamá from América Móvil

Telecoms company Liberty Latin America’s subsidiary Cable & Wireless Panamá has hired US firm Baker Botts LLP and Alemán, Cordero, Galindo & Lee in Panama City to acquire counterpart Claro Panamá from Mexico’s América Móvil for US$200 million.

24 September 2021

Several firms help Avianca land DIP-to-exit financing

Milbank in New York, Gómez-Pinzón in Bogotá and Morgan & Morgan in Panama City have helped Colombian airline Avianca obtain a US$1.05 billion facility that will help it exit its existing debtor-in-possession (DIP) financing.

22 September 2021

Tocumen makes largest company bond offer on Panama’s Latinex

The operator of Panama City’s international airport Tocumen has hired three offices of Shearman & Sterling LLP and Icaza, González-Ruíz & Alemán in Panama City to issue bonds worth US$1.85 billion.

31 August 2021

Panama’s third metro line obtains US$2 billion financing

Allen & Overy LLP in New York and Seoul and Icaza, González-Ruiz & Alemán in Panama City have helped a consortium of Korean contractors as sponsors of the Metro de Panama Line 3 obtain a US$2 billion financing package to develop the project.

27 August 2021

Enel and Panama settle ICSID dispute

Panama has agreed to pay Italian energy company Enel to settle an International Centre for Settlement of Investment Disputes (ICSID) case over delay in the construction of an electricity transmission line.

24 August 2021

Plastics maker issues Peru’s first global sustainability-linked bond

Peruvian plastic packaging company San Miguel Industrias (SMI) has hired Skadden, Arps, Slate, Meagher & Flom LLP in New York and BBGS Abogados (Peru) to issue sustainability-linked bonds and launch a tender offer, with both transactions worth a total of US$585 million.

16 August 2021

French business solution company buys Colombian counterpart

French business solutions provider Webhelp has enlisted five offices of Latham & Watkins LLP, several offices of Central American law firm Arias, Mexican firm González Calvillo, SC and Posse Herrera Ruiz in Bogotá to acquire Colombia’s OneLink.

11 August 2021

Spanish contractor to settle Panamanian hospital dispute

A Spanish construction company has reportedly agreed to withdraw a US$125 million International Chamber of Commerce (ICC) claim against a Panamanian state entity over a hospital project that was disrupted by a bribery investigation and the covid-19 pandemic.

06 August 2021

Several firms in Central American technology acquisition

US technology company DigitalReef has enlisted Wick Phillips in Dallas, Brazilian firm Dias Carneiro Advogados and Arias in Nicaragua and Panama to acquire IMOX Technologies.

06 August 2021

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