Cosco Shipping Ports’s Acquisition of 60% Interest in Terminales Portuarios Chancay S.A.


Slaughter and May, Uría Menéndez, Philippi Prietocarrizosa Ferrero DU & Uría and García Sayán Abogados advised on the deal

COSCO Shipping Ports Ltd executed the acquisition of 60% stake in a terminal project for 225 million U.S. dollars from Volcan Compañía Minera S.A.A.

After the acquisition, Terminales Portuarios Chancay SA will become the first terminal project controlled by China COSCO Shipping Corp — the parent company of Hong Kong-headquartered COSCO Shipping Ports — in South America, as well as the group’s second greenfield port project invested overseas, the newspaper reported.

Volcan, the Peruvian polymetallic miner, is engaged in the exploration and production of zinc, copper, gold, silver and lead in Peru’s Sierra Central region.

Chancay terminal boasts an exceptional geographic location and is conveniently connected with the economic center of Peru.

Slaughter and May advised Cosco Shipping Ports Limited with a team including Lisa Chung, Cheng Shi, Stephanie Pun and Adrian Chan.

In Spain, Uría Menéndez advised Cosco Shipping Ports Limited with Francisco Martínez Boluda.

In Perù, Philippi Prietocarrizosa Ferrero DU & Uría advised Cosco Shipping Ports Limited with Rafael Boisset, Miguel Ronceros, Jorge Reategui, Miriam Sara, Sergio Rodríguez and Alan Pasco.

García Sayán advised Volcan Compañía Minera S.A.A. with a team including Luis Gastañeta Alayza, Alfredo Gastañeta Alayza and Alfonso Tola.

Involved fees earner: Rafael Boisset – Philippi Prietocarrizosa Ferrero DU & Uría; Alan Pasco – Philippi Prietocarrizosa Ferrero DU & Uría; Jorge Reátegui – Philippi Prietocarrizosa Ferrero DU & Uría; Sergio Rodríguez – Philippi Prietocarrizosa Ferrero DU & Uría; Miguel Ronceros – Philippi Prietocarrizosa Ferrero DU & Uría; Miriam Sara – Philippi Prietocarrizosa Ferrero DU & Uría; Lisa Chung – Slaughter and May; Stephanie Pun – Slaughter and May; Cheng Shi – Slaughter and May; Francisco Martínez Boluda – Uría Menéndez;

Law Firms: Philippi Prietocarrizosa Ferrero DU & Uría; Slaughter and May; Uría Menéndez;

Clients: Cosco Shipping Ports Limited;