SAAM acquired a majority stake in Intertug’s business in Colombia, Central America and Mexico for US$50 million. The acquisition will take place by the means of share purchase and
capital contributions. Intertug continues to hold its participation in the Brazilian business.
DEAL VALUE: USD 50,000,000
CONFIDENTIAL Yes ☐ No ☒ STAKE: 70 %
ANNOUNCEMENT/SIGNING DATE:
CLOSING DATE: Monday, March 01, 2021
Cross-border matter: No ☒ Colombia
LEGAL ADVISORS:
COUNSEL TO CLEAR OCEAN
Posse Herrera Ruiz > Advice on agreements with Mercantil Colpatria
Leading Partner(s) Jaime Herrera
Other Lawyers Catalina Noreña
Gómez Pinzón > Advice on the sale
Leading Partner(s) Natalia García and Andrés Hoyos
Other Lawyers Andrés Felipe Fonseca
COUNSEL TO MERCANTIL COLPATRIA/BELLOMARE
DLA Piper Martínez Beltrán
Leading Partner(s) Felipe Quintero
