Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO)’s Acquisition of an additional 7.5% Stake in Sudameris


Allen & Overy and Ferrere advised on the deal

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), executed the acquisition of an additional 7,5 % stake in Sudameris from Abbeyfield Financial Holdings.

The Abbeyfield Group, through its Ireland based financial holding company Abbeyfield Financial Holdings, acquired a controlling interest in Sudameris Bank in Paraguay in 2004 from Italian banking group Intesa San Paolo. In the intervening years Sudameris Bank has seen its total assets grow tenfold and its loan portfolio grow seventeen-fold to just shy of US$ 1 billion. Sudameris Bank is now the fifth largest bank in Paraguay.

Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. operates as a development bank. The Bank offers financial solutions, as well as invests in the infrastructure, manufacturing, and services sectors. Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden serves customers worldwide.

Allen & Overy advised FMO – Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. with Sami Mir., Jillian Ashley and Victoria Guo.

Ferrere advised FMO – Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. with Carlos Vasconcellos (Picture) and Claudia Arietti.

Involved fees earner: Jillian Ashley – Allen & Overy; Victoria Guo – Allen & Overy; Sami Mir – Allen & Overy; Claudia Arietti – Ferrere Attorneys; Carlos Vasconsellos – Ferrere Attorneys;

Law Firms: Allen & Overy; Ferrere Attorneys;

Clients: Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.;