27 February, 2019 Colombia

PPU and Posse Herrera Ruiz aid Colombian glass joint venture

Corporate / M&A

Philippi Prietocarrizosa Ferrero DU & Uría (Colombia) has helped glass manufacturer Tecnoglass acquire a minority stake in a Colombian subsidiary of French manufacturing group Saint-Gobain.

Saint-Gobain hired Posse Herrera Ruiz for the deal, which was signed on 11 January.

The money raised from the sale will be used by Saint-Gobain to fund the construction of a new glass manufacturing facility in the northern department of Atlántico, Colombia.

Tecnoglass manufactures architectural glass as well as aluminium products for commercial and residential construction projects.

Counsel to Tecnoglass

In-house counsel – Andrea Zambrano

Philippi Prietocarrizosa Ferrero DU & Uría (Colombia) 

Partners Hernando Padilla and Diego Cardona, and associates Ana Estrada, Diego Velandia, Nicolás Santana, Lina Méndez and Alejandro Zapata

Counsel to Saint-Gobain

Posse Herrera Ruiz

Partners Jaime Cubillos, Juan David Barbosa, Juan David Velasco, Álvaro José Rodríguez and Andrés Montoya, and associates Pablo Fernández, María Catalina Visbal, Paola Soler, Carolina Hernández, Camilo Lovera, Hernán Panesso and Natalia Fernández

Source: Latin Lawyer

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