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Mayer Brown advised the $950 million sale of Cemex Dominicana (photo) to Guatemala-based Cementos Progreso. (Photo: Cemex)
Gabriel Salinas, Mayer Brown; Gianluca Bacchiocchi, Latham & Watkins and José Cobeña, Norton Rose Fulbright. (Latinvex collage)
Thursday, August 15, 2024

Mayer Brown Advises $950 Mln Cemex Deal

Latham & Watkins, Norton Rose Fulbright advise LatAm deals and finance.

BY LATINVEX STAFF

Mayer Brown represented Mexican cement giant Cemex on the $950 million sale of its shares in Cemex Dominicana to a consortium led by Guatemala-based Cementos Progreso Holdings and Goldman Sachs Bank USA in a $107 million facility for the acquisition of receivables originated by Mexican startup Stori; Latham & Watkins represents US-based private equity firm Apollo on its agreement to invest $600 million to acquire a 50% interest in a joint venture entity related to the Vale Oman Distribution Center (VODC) from Brazilian mining company Vale and HIF Global on the $36 million equity investment by the government agency Japan Organization for Metals and Energy Security (JOGMEC) to expand in Chile, Uruguay and other markets; Norton Rose Fulbright advised French bank Crédit Agricole’s $532 million financing for Chilean state copper producer Codelco’s energy matrix transition and Latin American development bank CAF in its collaboration with Japan International Cooperation Agency to extend a $297 million syndicated loan to Brazilian cooperative financial institution Banco Sicredi.

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Keywords: Brazil, Chile, Dominican Republic, Guatemala, Latham & Watkins, Mayer Brown, Norton Rose Fulbright

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