Philippi Prietocarrizosa Ferrero DU & Uria (Peru) has helped Australia’s Orica Mining acquire industrial explosives company Exsa for US$203 million.

Peruvian conglomerate Grupo Breca, the seller, turned to Rodrigo, Elias & Medrano Abogados for the deal, which was announced on 18 February.

Orica acquired 83.5% of Exca’s shares, which are listed on the Peruvian Stock Exchange.

Exsa is Peru’s number one manufacturer and distributor of industrial explosives.

Orica also has a presence in Chile, which includes a manufacturing plant in Antofagasta and an office in Santiago.

Counsel to Orica

Philippi Prietocarrizosa Ferrero DU & Uria (Peru)

Partner Guillermo Ferrero, directors Alfonso Perez Bonany and Fabiola Capurro and associates Victor Abad, Jesibel Rosillo, Jose Salgado, Carlos Gonzalez Prada and Favio Ruesta

Counsel to Grupo Breca

In-house counsel – Miguel Angel Salmon, Gianmarco Tagliarino and Cesar Palacios

Rodrigo, Elias & Medrano Abogados

Partners Jean Paul Chabaneix and Augusto Caceres and associates Adriana Bracamonte, Sebastian Elias, Carolina Chipollini, Romulo Muñoz, Milagros Mutsios and Martin La Rosa