Client Requirement: The client intended to become 100% owner of the outstanding shares of the target company (Hapag-Lloyd (Peru) S.A.C.) a major global player in the maritime transport business with operations in Peru. The client was already the majority shareholder of the target, and the other shareholder was a vehicle of a Peruvian major economic group.
Our Participation: Our legal advice involved accompanying our client in the negotiating and drafting of all transactional documents necessary for the operation of the business. We also provided comfort with closing documents. In this case we went further and took care of tax requirements that could be considered in an eventual future transaction of our client in case it would need to demonstrate full performance of this deal considering Peruvian tax authority’s perspective, which was most appreciated by the client.
Benefit for the Client: Our client increased its position in the region and gained 100% control of the business after the completion of this deal, having the certainty that the acquisition was performed with all legal aspects duly covered.
