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;