CAF – Development bank of Latin America’s $85.5 Million Acquisition of 9% interest in Rutas Del Litoral S.A.


Guyer & Regules and Jiménez de Aréchaga, Viana + Brause advised on the deal

CAF – Development bank of Latin America executed its acquisition of 9% interest in Consorcio PPP Rutas Del Litoral S.A. from Fideicomiso Financiero Fondo de Deuda para Infraestructura en Uruguay CAF I for $85.5 Million.

CAF – Corporación Andina de Fomento is a development bank, provides financial and related services to the public and private sectors in Latin America, the Caribbean, Spain, and Portugal.

Consorcio PPP Rutas del Litoral won the first public-private partnership contract of its kind in Uruguay to design, build, upgrade, finance and operate for a 24-year period a 179km-long highway corridor between the cities of Nueva Palmira and Mercedes, in Colonia and Soriano departments, respectively.

Guyer & Regules advised CAF Development bank of Latin America with Nicolás Piaggio (Picture), Marcos A. Payssé, Guzmán Rodríguez and Sebastián Pérez.

Jiménez de Aréchaga, Viana + Brause advised CAF-AM Administradora de Activos de Uruguay S.A. with Fernando Jiménez de Aréchaga (h) and Leandro Iglesias.

Involved fees earner: Marcos Payssé – Guyer & Regules; Sebastián Pérez – Guyer & Regules; Nicolás Piaggio – Guyer & Regules; Guzmán Rodríguez Carrau – Guyer & Regules; Leandro Iglesias – Jiménez de Aréchaga, Viana & Brause; Fernando Jiménez de Aréchaga jr. – Jiménez de Aréchaga, Viana & Brause;

Law Firms: Guyer & Regules; Jiménez de Aréchaga, Viana & Brause;

Clients: CAF –development bank of Latin America; CAF-AM Administradora de Activos Uruguay S.A.;

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Author: Ambrogio Visconti.