Coca-Cola Chilean Arm’s $80.3 Million Acquisition of Novaverde

BAZ DLA Piper, Barros & Errázuriz, Philippi Prietocarrizosa Ferrero DU & Uría and Portaluppi, Guzmán y Bezanilla advised on the deal

Embotelladora Andina, Embonor, Coca-Cola del Valle New Ventures, and Coca-Cola de Chile entered into a stock purchase agreement to acquire 100% ownership of Comercializadora Novaverde from Inversiones Siemel S.A.

On completion of the deal, while Coca-Cola del Valle New Ventures will own 2,999,994 shares, Coca-Cola de Chile and Embotelladora Andina will own three and two shares, respectively. Embonor will gain the ownership of one share. Embotelladora Andina’s direct and indirect ownership in Novaverde will be approximately 35%, as it is already a shareholder of Coca-Cola del Valle New Ventures.

The deal is valued at $80.03 million.

Coca-Cola de Chile S.A. manufactures and markets nonalcoholic beverage concentrates and syrups. The company operates as a subsidiary of The Coca-Cola Company.

Coca-Cola Embonor S.A., through its subsidiaries, produces and distributes Coca-Cola products in Chile and Bolivia. The company was founded in 1962 and is based in Las Condes, Chile.

Embotelladora Andina S.A., together with its subsidiaries, produces, markets, and distributes Coca-Cola soft drinks in Chile, Brazil, Argentina, and Paraguay. The company was founded in 1946 and is headquartered in Santiago, Chile.

Inversiones Siemel S.A. is an investment holding company. The company, led by Andres Lehuede Bromley, Ricardo Aldana Moris and Jose Luis Arriagada Carrazana, in 2016 recorded $81.89 Billion revenues.

BAZ|DLA Piper advised Coca Cola Company de Chile S.A., Embonor S.A. and Embotelladora Andina S.A. with Matías Zegers (Picture) Felipe Bahamondez, Diego Peña, Jorge Timmermann and Paulina Farias.

Barros & Errázuriz advised Embonor S.A. with Juan Cristóbal Schmidht and Felipe Alvarez.

Philippi Prietocarrizosa Ferrero DU & Uría advised Embotelladora Andina S.A. with Juan Francisco Gutiérrez, Guillermo Infante, Ignacio Larraín, Diego Bunster and Sebastián Melero.

Portaluppi, Guzmán y Bezanilla advised Inversiones Siemel S.A. with Jorge Andueza and Juan Pablo Guzmán M.

 

Involved fees earner: Jorge Andueza – Portaluppi Guzmán y Bezanilla; Juan Pablo Guzmán Monge – Portaluppi Guzmán y Bezanilla; Matías Zegers – DLA BAZ – Bahamondez, Alvarez & Zegers; Diego Peña – DLA BAZ – Bahamondez, Alvarez & Zegers; Jorge Timmermann – DLA BAZ – Bahamondez, Alvarez & Zegers; Felipe Bahamondez – DLA BAZ – Bahamondez, Alvarez & Zegers; Paulina Farías – DLA BAZ – Bahamondez, Alvarez & Zegers; Juan Cristóbal Schmidht – Barros & Errázuriz Abogados; Felipe Álvarez Del Río – Barros & Errázuriz Abogados; Juan Francisco Gutiérrez – Philippi Prietocarrizosa Ferrero DU & Uría; Diego Bunster Echenique – Philippi Prietocarrizosa Ferrero DU & Uría; Sebastián Melero Donoso – Philippi Prietocarrizosa Ferrero DU & Uría; Guillermo Infante Cortés – Philippi Prietocarrizosa Ferrero DU & Uría; Ignacio Larraín Jiménez – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Portaluppi Guzmán y Bezanilla; DLA BAZ – Bahamondez, Alvarez & Zegers; Barros & Errázuriz Abogados; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: Embotelladora Andina S.A.; Coca Cola Company de Chile S.A.; Coca-Cola Embonor S.A.; Inversiones Siemel S.A.;

 

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Author: Ambrogio Visconti.