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Hughes Hubbard advised on the acquisition financing for Grupo Estrella’s purchase of the Panama business of Cemex. (Photo: Cemex)
Tony Del Pino, Latham & Watkins; Andrés Berry, Hughes Hubbard and Sergio Urias, Akin. (Latinvex collage)
Wednesday, October 8, 2025

Cleary Gottlieb, Simpson Advise LATAM Share Sale

Hughes Hubbard advises Cemex sale of Panama business.

BY LATINVEX STAFF

Cleary Gottlieb and Simpson Thacher advised a $676 million public offering of shares by certain shareholders of Chilean-Brazilian LATAM Airlines Group; Latham & Watkins advised the closing of Spain-based Telefónica’s sale of its Uruguay business to Luxembourg-based Millicom for $440 million; Hughes Hubbard advised Panama-based, export finance bank Bladex on the successful closing of a syndicated loan totaling $206 million to finance Cemento Panam’s acquisition of CEMEX’s operations in Panama; Davis Polk is advising Brazilian digital bank Nubank on its application to start  national banking operations in the United States and Akin advised Clear Channel Outdoor Holdings in the completed sale of its business in Brazil to Publibanca Brasil.

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Keywords: Brazil, Chile, Cleary Gottlieb , Dominican Republic, Hughes Hubbard, M&As, Panama, Simpson Thacher

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