Cuatrecasas advised three investment companies, Inversiones Inmobiliarias y Asesorías CAM SpA, Sociedad de Inversiones y Comercializadora Manquehue Limitada and Inmobiliaria Milodón SpA, on acquiring 7.5%, 15% and 7.5% respectively of Arauco Servicios Financieros SpA's stake in Suaval Compañía de Seguros de Garantía y Créditos S.A.
As a result of the Suaval Group’s financial position, the transaction was negotiated and closed in a record two weeks, requiring an enormous effort from all the parties involved. The entry of these new shareholders in Suaval will provide a fresh strategic, complementary and beneficial vision for the financial policies of the group’s other companies.
This transaction enables Inversiones Inmobiliarias y Asesorías CAM, Sociedad de Inversiones y Comercializadora Manquehue and Inmobiliaria Milodón to enter into the business of one of the leading insurance and credit companies in the market, with activity in the three branches of the sector.
The team advising on the transaction was led throughout the process by Cuatrecasas lawyers Tomás Kubick and Magdalena Urquidi from the Santiago de Chile office.