Our firm has been considered leader in tender offers and securities issuances for its participation in important national and international operations of the kind. In particular, there is to highlight that we not only participated in the design of a regulatory scheme to allow the gaining of control of any corporation by paying not only in cash but by using shares as means of payment of the acquiring corporation (such mechanism known as exchange offers is at present the most used in the international markets to acquire companies and it is known in Colombia as “Oferta Pública de Intercambio (OPI)”), but we are also the only Colombian firm that has participated in the two OPI’s that have taken place in this country. The first OPI was held in 1998 between a Colombian financial entity (Banco Ganadero) and a foreign financial entity (Banco Bilbao Vizcaya Argentaria-Spain), using shares of the second company as payment for the gaining of control of the first company. The second OPI took place in 1999 between two Colombian retail companies (Almacenes Éxito and Cadenalco), using shares from the first to gain control of the second one.
Tender Offers and Securities Issuances International >>
Tender Offers and Securities Issuances National >>
|
