Lawyers

PHR has advised Davivienda and Grupo Bolivar in the business combination between Davivienda and the operations of Scotiabank in Colombia, Costa Rica and Panama.

PHR advises Proninsa S.A.S. to sell its 78.28975% interest in Grupo Quimico, C.A. to Esmeralda Holding LTD and Gemma Tactical Holdings LLC through a Takeover Bid on the Caracas Stock Exchange.

Constructora Meco S.A. has sought legal counsel from Posse Herrera Ruiz to sell its 26% stake in Concesión Pacífico Tres S.A.S. to Patria Investments. The transaction has been signed, and its closing is subject to customary conditions for these types of transactions, including government and lenders required authorizations. 

Posse Herrera Ruiz acted as local Colombian counsel to the QX Group (indirect owner of Chazey Partners Colombia S.A.S.), in the sale of a stake of such group to Long Ridge Equity Partners.

Grupo Imsa S.A. sold its entire stake in O-tek Argentina S.A. and Otek Servicios Argentina S.A., to O-tek Internacional S.A.S. and WIG Latam Holdings GmBh, entities of the Austrian Wietersdorfer Group.

Posse Herrera Ruiz advised Bioena S.A.S. and its shareholders in an operation pursuant to which Ashmore acquired a majority equity interest in the Company to fund the construction of the first wood pellet plant in Colombia.