Competitive implications of voting rights. Olaechea advised CNIC on its intention to implement a voting and block right with respect to the distribution of Luz del Sur’s profit from . Thus, we analysed the characteristics of the veto right and considered a potential trigger in any merger control proceedings before the Peruvian competition authority.
Memorandum with strategies to avoid notification before INDECOPI: Therefore, we analysed and developed an entire strategy on the matter. In addition, we prepared a comprehensive and broad memorandum with all the strategies in order to avoid a change of control and, consequently, a prior notification before the Peruvian Antitrust Authority (INDECOPI).
Global player in mining and investment: CNIC Corporation Limited is a Chinese state-owned investment company founded in 2012 and headquartered in Hong Kong. In 2014, as part of a consortium with two other companies, it acquired the Las Bambas copper mine, with a 22.5 per cent stake in the project. The open-pit mine, located in Cotabambas in Peru’s Apurimac region, began producing copper concentrate in 2015.
Latest development: We presented the client with strategies and alternatives with an in-depth analysis of corporate law and merger control regulations.
