Perez Alati, Grondona, Benites, Arntsen y Martínez de Hoz and DeHeng Law Offices advised on the transaction
The BICE (Bank of Investment and Foreign Trade) has agreed to a USD 150 million finance from the CBD (China Development Bank) for investment projects to be developed in the country. The credit was consented to by the President of the Argentine institution, Pablo M. Garcia, and the CDB’s Deputy CEO and Leader of the Work Team in Argentina, Li Hongying.
The credit line will be destined to different projects related to productive investments: SMEs projects, renewable energies generation, energy infrastructure and agricultural production, among others. The financing was agreed on under very good conditions and will be disbursed in different stages, being the initial one of USD 50 million.
The agreement was made during the visit of a CDB team led by the Deputy CEO to our country. The relationship between the BICE and the CDB will not just be financial, but a cooperative bond is expected to be created between these institutions towards good International practices and to consolidate the relationships between Argentine and Asian companies.
Perez Alati, Grondona, Benites, Arntsen y Martínez de Hoz advised China Development Bank with María Gabriela Grigioni (Picture), Francisco Amallo and Sofía Leggiero.
DeHeng Law Offices advised China Development Bank with Zhang Xu and Feng Chen.
Involved fees earner: Zhang Xu – Deheng Law Office; Chen Feng – Deheng Law Office; María Gabriela Grigioni – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Francisco Amallo – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Sofía Leggiero – Pérez Alati, Grondona, Benites, Arntsen & Martínez;
Clients: China Development Bank (CDB);