Corporate and M&A

We acted as legal counsel for The Bank of Nova Scotia.

We acted as legal counsel for The Bank of Nova Scotia in the recent transaction involving the transfer of its banking operations in Colombia, Costa Rica, and Panama to Banco Davivienda. The transaction is expected to be completed in approximately 12 months. As part of the transaction, Scotiabank will receive a roughly 20% stake in …

We acted as legal counsel for The Bank of Nova Scotia. Read More »

We advised BAC International Bank Inc.

Under the leadership of Rita de la Guardia and with the support of associates Rafael Amar and Lilah Levin, Alemán, Cordero, Galindo & Lee (Alcogal) advised BAC International Bank Inc. on the financing that enabled Grupo SigmaQ to acquire Visual Elements. This acquisition strengthens SigmaQ’s portfolio, a company with extensive experience in packaging and visual …

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We Advised Grupo Promerica in Landmark Transaction with Grupo Assa

Alcogal is proud to announce its role as expert counsel to Grupo Promerica in a groundbreaking transaction with Grupo Assa. This strategic collaboration integrates Grupo Assa’s Banco de Finanzas, S.A. (BDF) with Grupo Promerica’s Banco de la Producción, S.A. (BANPRO), forming Nueva Tenedora Banpro, S.A. (NTB). BANPRO and BDF will continue to operate independently. Grupo …

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We Advised Renewable Energy Systems on Strategic Acquisition

Alcogal advised Renewable Energy Systems, Ltd. (RES), the world’s largest independent renewable energy provider, on the strategic acquisition of the renewable services division of Grupo Ingeteam. This transaction, which spanned jurisdictions in Panama, Spain, Brazil and Mexico, positions RES as the leading global provider of renewable energy services, consolidating more than EUR 35 billion in …

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We Represented AES Colón Holdings in Sale of Stake to Grupo Linda

Alcogal advised AES Colón Holdings, a subsidiary of AES Corporation, in the sale of a 20% stake in the AES Colón project to Grupo Linda, for USD 190 million. The AES Colón project, which includes a 381 MW combined cycle plant and an LNG regasification terminal, is critical to Panama’s clean energy supply. Grupo Linda seeks …

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Alcogal Represents Grupo Celsia in Sale of Energy Assets

Alcogal represented Celsia Centroamérica, a subsidiary of Grupo Celsia, in leading the sale of its energy assets to Fontus Spain, a subsidiary of EnfraGen, for USD 194 million. The agreement included the transfer of the Dos Mares hydroelectric complex (118 MW), the Divisa (9.8 MW) and Celsolar (9.7 MW) solar plants in Panama, and the …

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Alcogal advised Grupo APC in the majority sale of its subsidiary APC Buró

Alcogal advised Grupo APC, S.A. in the sale of a majority stake in its subsidiary APC Buró, S.A., to Experian Latam Holdings Unlimited, a member of the Experian group.  APC Buró, the sole credit bureau in Panama, began operations in 1957 providing valuable consumer credit reports. Experian is a world leader in information services helping …

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Alcogal advised Cable & Wireless Panama S.A. on its acquisition of Claro Panamá

Alcogal advised its long-term client, Cable & Wireless Panamá S.A., as well as its shareholder and operating partner Liberty Latin America, in connection with the proposed acquisition of Claro Panamá, owned by the América Móvil group. The transaction is subject to customary closing approvals and is expected to close in Q1 2022. Transactional Team: Alejandro …

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Alcogal assisted Grupo Aval in the acquisition of Multi Financial Group Inc.

June 2020 – Alcogal’s corporate and M&A team recently represented and assisted the Latin American financial group, Grupo Aval, through its subsidiary Leasing Bogotá SA, Panamá, in connection with the acquisition of 96.6% of Multi Financial Group Inc., a shareholder of Multibank Inc., and affiliates. Alcogal´s team for this M&A deal, which closed on May …

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