Inversiones Alxar’s Acquisition of 40% Interest in Cumbres Andinas

Simpson Thacher is representing Inversiones Alxar S.A., a subsidiary of Empresas Copec S.A. (“Empresas Copec”), in connection with its acquisition of 40% of Cumbres Andinas S.A.C. (“Cumbres Andinas”), a subsidiary of Peruvian conglomerate Grupo Breca.

Grupo Breca, indirectly through its mining subsidiary Minsur S.A., will retain a 60% stake in Cumbres Andinas. Cumbres Andinas owns Marcobre S.A.C., which, in turn, owns the Mina Justa copper mining project located in Ica, Peru. The transaction is subject to customary closing conditions including regulatory approvals.

Empresas Copec is a diversified industrial holding company that is engaged in several industries, including fuels, forestry and fishing. The company, led by Eduardo Navarro Beltrán and Rodrigo Huidobro Alvarado is based in Santiago.

The Simpson Thacher team for the transaction includes David Williams (Picture), Juan M. Naveira, Karen McClendon, Erika Tang and Santiago Balbi (M&A); Rob Holo and Jasmine Hay (Tax); Marcela Robledo (IP); and Ellen Frye (Antitrust).

Portaluppi Guzmán y Bezanilla advised Inversiones Alxar and Copec with José Tomás Guzmán Rencoret and  Juan Francisco Guzmán Rencoret.

In Lima, Philippi Prietocarrizosa Ferrero DU & Uría advised Inversiones Alxar and Copec with Rafael Boisset, Rafael Lengua, Hernán Torres, Fabiola Capurro, Sergio Cueva, David Cueva, Marco Castañeda, Margarett Matos and Camila Diaz-Cano.

Sullivan & Cromwell advised Minsur with Sergio J. Galvis, Werner F. Ahlers, S. Eric Wang, Michael Orchowski, Rebecca S. Coccaro,  Benjamin S.D. Kent, Alexander J.F. Metz, Jason W. Schnier, Slki Hong and Sarah Remmer Long.

Rodrigo, Elías & Medrano advised Minsur with Jean Paul Chabaneix, Luis Carlos Rodrigo, José Talledo, Nicolás Cornejo and Cecilia Cánepa.


Involved fees earner: José Tomás Guzmán R. – Portaluppi Guzmán y Bezanilla; Juan Francisco Guzmán Rencoret – Portaluppi Guzmán y Bezanilla; Jean Paul Chabaneix – Rodrigo, Elías & Medrano Abogados; Luis Carlos Rodrigo Prado – Rodrigo, Elías & Medrano Abogados; José Talledo – Rodrigo, Elías & Medrano Abogados; Nicolas Cornejo – Rodrigo, Elías & Medrano Abogados; Cecilia Cánepa – Rodrigo, Elías & Medrano Abogados; Rafael Boisset – Philippi Prietocarrizosa Ferrero DU & Uría; Rafael Lengua – Philippi Prietocarrizosa Ferrero DU & Uría; Sergio Cueva Chauca – Philippi Prietocarrizosa Ferrero DU & Uría; David Cueva – Philippi Prietocarrizosa Ferrero DU & Uría; Hernán Torres Álvarez – Philippi Prietocarrizosa Ferrero DU & Uría; Fabiola Capurro – Philippi Prietocarrizosa Ferrero DU & Uría; Marco Castañeda – Philippi Prietocarrizosa Ferrero DU & Uría; Margarett Matos – Philippi Prietocarrizosa Ferrero DU & Uría; Camila Díaz – Philippi Prietocarrizosa Ferrero DU & Uría; David Williams – Simpson Thacher & Bartlett; Juan Naveira – Simpson Thacher & Bartlett; Karen McClendon – Simpson Thacher & Bartlett; Erika Tang – Simpson Thacher & Bartlett; Santiago Balbi – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Ellen Frye – Simpson Thacher & Bartlett; Sergio Galvis – Sullivan & Cromwell; Werner Ahlers – Sullivan & Cromwell; Jason Schnier – Sullivan & Cromwell; Eric Wang – Sullivan & Cromwell; Michael Orchowski – Sullivan & Cromwell; Slki Hong – Sullivan & Cromwell; Rebecca Coccaro – Sullivan & Cromwell; Sarah Remmer Long – Sullivan & Cromwell; Benjamin Kent – Sullivan & Cromwell; Alexander Metz – Sullivan & Cromwell;

Law Firms: Portaluppi Guzmán y Bezanilla; Rodrigo, Elías & Medrano Abogados; Philippi Prietocarrizosa Ferrero DU & Uría; Simpson Thacher & Bartlett; Sullivan & Cromwell;

Clients: Compañía de Petróleos de Chile Copec S.A.; Minsur S.A.; Empresas Copec S.A.; Inversiones Alxar S.A.;



Print Friendly, PDF & Email

Author: Ambrogio Visconti