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ARIAS COSTA RICA ADVISES TELEFONICA IN THE SALE OF ITS OPERATIONS TO LIBERTY LATIN AMERICA


Telefónica completed the sale of its regional operations in Central America to Liberty Latin America in Costa Rica for a value of $538 millions USD, and at Arias we advised them with the coordination of the entire transaction related to Costa Rica, including advice on the ...

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ARIAS NICARAGUA ADVISES THE LARGEST PLACEMENT OF GREEN BONDS IN CENTRAL AMERICA AND THE CARIBBEAN


CMI Energy, of the CMI Latin American family corporation, financed the placement of US$700 million in green bonds, this being the largest placement of green bonds in Central America and the Caribbean.  The successful transaction was executed within the celebration of CMI&rsq...

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ARIAS ADVISED IMCD N.V. IN 5 COUNTRIES


IMCD N.V., a leading distributor of speciality chemicals and ingredients, signed an agreement to acquire 100% of the business and the subsidiaries of Quelaris Internacional S.A., a LATAM regional raw material distributor with offices in Colombia, Costa Rica and Peru. Arias acted...

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ARIAS REPRESENTED BANCO LATINOAMERICANO DE COMERCIO EXTERIOR S.A. (BLADEX)


Arias represented Banco Latinoamericano de Comercio Exterior S.A. (Bladex) as Lender, Administrative Agent, Sole Lead Arranger, and Bookrunner in an up to US$101.5 million  dual tranche Term Loan to Financial Group Credi Q.  The Sindicated loan to CrediQ, to ...

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WE CONGRATULATE TELEFONICA AND CMI FOR FINALIZING THE SALE OF THEIR OPERATIONS IN EL SALVADOR


On January 13, Telefónica, S.A. announced the sale of the entire share capital owned by Telefónica  Centroamérica Inversiones, S.L. in Telefónica Móviles  El Salvador, S.A. of C.V. (99.3%), to General International Telecom El Salvador,...

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ARIAS ADVISES TELEFÓNICA IN THE SALE OF ITS OPERATIONS IN EL SALVADOR


Arias advised Telefónica, S.A., TLK Investments, C.V. and Telefónica Centroamérica Inversiones, S.L., as selling companies, in the signing of the share purchase agreement regarding the sale of 100% of its interest in the operations in El Salvador in favor of ...

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ARIAS REPRESENTS DELIVERY HERO IN THE PURCHASE OF GLOVO'S OPERATIONS IN COSTA RICA, HONDURAS AND GUATEMALA


Arias represented Delivery Hero in the acquisition of Glovo’s operations in Latin America. The firm was responsible for the representation in Costa Rica, Honduras and Guatemala, working together in the transaction with Cuatrecasas in Madrid, leading as international counsel...

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ARIAS PARTICIPATED IN IDB FINANCING STRUCTURE FOR SMES


Our office in Costa Rica advised the Inter-American Development Bank (IDB) in the original structuring of the transaction to promote liquidity of small suppliers in Latin America and the Caribbean, which IDB may use in the future. The transaction was a loan from IDB Invest to E-...

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ARIAS COSTA RICA CONTRIBUTED TO THE FIRST DISBURSEMENT FOR GREEN LOANS AND SUPPORT FOR SMEs


Arias Costa Rica advised the Dutch Entrepreneurial Development Bank (FMO) in structuring the guarantee for the first disbursement of the US$30 million credit for green loans and financing of small and medium-sized enterprises (SMEs) in the country, granted to Banco Promerica de C...

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ARIAS ACCOMPANIES EUROFARMA IN ITS GROWTH IN LATIN AMERICA


In recent days, Eurofarma Laboratórios S.A. (originally from Brazil) made public the acquisition of a part of Stein S.A Laboratories in Costa Rica, in a deal whose value was not disclosed. The Brazilian Multinational acquired various important trademark portfolio and prod...

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ARIAS ADVISED BANCO LA HIPOTECARIA – PANAMA AND LA HIPOTECARIA EL SALVADOR IN STRUCTURING AND ISSUING MORTGAGE LOANS BONDS


Arias successfully assisted Banco La Hipotecaria - Panama and La Hipotecaria El Salvador in the structuring and issuing of mortgage loans bonds, placing this issue on the Stock Exchange of Panama. Among the relevant tasks that Arias carried out, was to provide advice under the S...

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ARIAS ADVISED TELEFÓNICA IN THE SALE OF ITS OPERATIONS IN COSTA RICA, NICARAGUA AND PANAMA TO MILLICOM


Arias advised Telefónica, S.A. and Telefónica Centroamérica Inversiones, S.L., as selling companies, in the execution of the sale agreements of 100% of its operations in Costa Rica, Nicaragua and Panama in favor of Millicom International Cellular, S.A., sale ...

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ARIAS EL SALVADOR, LEGAL COUNSEL IN THE SALE OF BANCO SCOTIABANK AND SCOTIA SEGUROS IN EL SALVADOR


Arias El Salvador successfully advised the bank of Canadian origin (Bank of Nova Scotia) in the sale of 100% of its operations in favor of the buyer Imperia Intercontinental, the main shareholder of Banco Cuscatlán, S.A. and Seguros e Inversiones, S.A. (SISA), reaching an ...

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EL SALVADOR - FINANCING FOR INFRASTRUCTURE PROJECT-PHOTOVOLTAIC PLANT GRANTED TO REAL INFRASTRUCTURE CAPITAL PARTNERS


Arias successfully advised to Real Infrastructure Capital Partners during all stages of the financing and at the same time in all the topics related to it, giving way to being able to fulfill its objective as a company focusing on investing in commercial power generation from cos...

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ARIAS PANAMA ADVISED CINVEN ON THE SALE OF THE UFINET FIBER OPERATION IN PANAMA, AS PART OF THE SALE OF ITS ASSETS IN LATIN AMERICA


Cinven, a private equity firm, finally agreed to sell the Latin American operation to a Fund of its own and thus conserve the operation in Latin America. Earlier, Arias has participated in the due diligence process and anticipates providing advice related to the execution, closi...

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ARIAS ADVISED OMERS IN THE SALE OF TWO AIRPORTS IN COSTA RICA


Arias Costa Rica advised the Ontario Municipal Employees Retirement (“OMERS”), in their sale of an equity participation in Airports Worldwide, including the sale of two of its most important airports, Aeropuerto Internacional Juan Santamaría and Aeropuerto Inte...

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ARIAS EL SALVADOR ADVISED TRINA SOLAR LIMITED IN THE ACQUISITION OF NCLAVE RENEWABLE, S.L. CAPITAL SHARES


Legal advice provided Trina Solar (a Chinese company of renewable energies) in the acquisition of 100% of the share capital of the Spanish company Nclave Renewable, S.L., punctually in the execution of a limited due diligence on MFV El Salvador, S.A. de C.V., a company that is a ...

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ARIAS EL SALVADOR ADVISED SUEZ INTERNATIONAL S.A.S. A FRENCH CORPORATION IN THE INTERNATIONAL PUBLIC OFFER IN EL SALVADOR


Arias gave legal advice to Suez International, in the international public tender regarding the project “REHABILITACIÓN DE LAS OBRAS DE CAPTACIÓN, POTABILIZACIÓN Y ELECTROMECÁNICAS DE LA PLANTA POTABILIZADORA LAS PAVAS, MUNICIPIO DE SAN PABLO TAC...

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ARIAS ADVISED GRUPO RUDELMAN IN THE SALE OF ITS BUSINESS TO INCHCAPE PLC.


Arias El Salvador, Costa Rica and Panama advised Grupo Rudelman in the sale of its business operations. Grupo Rudelman is a well-known and regarded family group operating in several Central American jurisdictions, in the business of distribution and commercialization of automobil...

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ARIAS NICARAGUA ADVISED THE EMBASSY OF THE UNITED STATES OF AMERICA IN THE SIGNING OF THE CONSTRUCTION CONTRACT WITH GRUPO COEN


Arias Nicaragua recently advised the Embassy of the United States of America, in the analysis of the acquisition of real estate under its "embassy" status; at the same time, in the negotiations and drafting each contract to be signed with Grupo Coen, for the constructio...

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ARIAS EL SALVADOR ADVISED INSURANCE COMPANY ASSA IN THE INTEGRATION OF OPERATIONS WITH AIG IN EL SALVADOR


After the acquisition of the entities of AIG in El Salvador by ASSA in October 2016, a process was carried out to incorporate both operations in El Salvador through two mergers: the “ASSA Compañía de Seguros, SA” (absorbing company) with the company &ldq...

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ARIAS GUATEMALA, ADVISED ASSICURAZIONI GENERALI, S.P.A IN THE SALE OF ITS SHAREHOLDING IN ASEGURADORA GENERAL, S.A.


Trieste - The Generali Group has entered into an agreement to sell its business in Colombia and has completed the sale of its business in Guatemala. The transactions are part of its strategy to optimize its geographical presence, increase operational efficiency and improve capita...

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ARIAS PARTICIPATES AS AN ADVISER IN SYNDICATED CREDIT FOR BANCO DE GUATEMALA


Arias Guatemala provided legal counsel to Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) in connection to a $50 million US dollar syndicated trade facility in favor of Banco de América Central, S.A. (Guatemala). The syndicated trade facility has a three year ter...

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ARIAS ASSISTED THE INTERNATIONAL FINANCE CORPORATION (IFC) IN A LOAN FOR GRUPO ROBLE MALL EXPANSIONS


Several offices of Arias assisted the International Finance Corporation (IFC) in a loan granted to Grupo Roble, an important real estate developer in Central America, based in El Salvador. The funds are to be used for the expansion and or refurbishment of shopping centers: Metroc...

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ARIAS LED COMPLEX AIRCRAFT REPOSSESSION IN EL SALVADOR


Arias, successfully advised AerCap, a global leader in aircraft leasing and aviation finance, in the repossession of an aircraft that had been leased to “Vuelos Económicos Centroamericanos (VECA)” for the commercial transportation of passengers within Central A...

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ARIAS HELPS IN FINANCING OF BANK ACQUISITION IN GUATEMALA


Three Arias  offices have acted as legal local counsel for Bladex, Credit Suisse and Deutsche Bank in connection with a syndicated credit facility of up to US$223,000,000.00 for Promerica Financial Corporation, destined to finance the acquisition of Citibank’s credit c...

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SCOTIABANK COSTA RICA AGREES CREDIT LINE


On July 11th,  Scotiabank Costa Rica was credited a syndicated loan for senior unsecured USD 125 million. This was handed over by eleven international financial institutions. Such operation had as leading lenders and loan arrangers BLADEX (Banco Latinoamericano de Comercio E...

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ARIAS ADVISES ÓPTIMA ON THE EXPANSION OF ITS FINANCIAL SERVICES FOR SMES


Óptima Financial Services relied on Arias for legal assistance in the acquisition of operations of Finca El Salvador. Both companies are dedicated to providing micro-credit to micro, small and medium enterprises. With the consolidation of both companies, Óptima will...

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GRUPO UNICOMER EXPANDS WITH THE ACQUISITIONS IN THE CARIBBEAN


Grupo Unicomer has concluded the acquisition of assets of electronics store Omni; operating in the islands of Curacao, St. Maarten and Bonaire through 6 stores. The closing took place on April 11, 2016. This acquisition represents an important step in Unicomer’s expansion ...

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