Guerrero Olivos acted as legal counsel to Carozzi S.A. (CSA), a publicly traded corporation, in a significant transaction informed today (27/01/2025) to the Financial Market Commission (CMF).
Carozzi S.A. (CSA) executed a Share Purchase Agreement with Inversiones Tiger Brands South America Limitada (Tiger Brands). Under the terms of this agreement, subject to conditions customary for transactions of this nature, CSA will acquire 104,724 shares of Empresas Carozzi S.A., representing Tiger Brands’ entire 24.38% stake in the company. The sale is part of Tiger Brands’ strategic decision to refocus its growth in South Africa and concentrate its investments in areas where it holds a controlling position.
The purchase price for the shares amounts to USD 181 million, which will be paid upon the transaction's closing. The funds for the acquisition will be obtained from CSA’s proportional share of an extraordinary dividend to be distributed by its subsidiary, Empresas Carozzi S.A., totaling an equivalent of USD 240 million.
Upon the successful completion of this transaction, CSA will increase its ownership stake in Empresas Carozzi S.A. to 99.99%, further consolidating its control over one of the most important food and beverage companies in Latin America participating in more than 25 categories, with plants operating in Chile, Perú and Argentina, and with exportations to 50+ countries.
Guerrero Olivos provided comprehensive legal support throughout the negotiation and execution of this high-stakes transaction, ensuring compliance with regulatory requirements and safeguarding CSA’s strategic objectives.
Counsels:
Guerrero Olivos as counsel to Carozzi S.A. and Empresas Carozzi S.A.
Leading partners: Jorge Delpiano and César Gálvez
Partner: Benjamín Ferrada
Senior associate: Sebastián Marambio
Associates: Sebastián Devlahovich, Sophie Beaujanot, Santiago Barros and Alexandra Höpfner.
Valdés y Cía. as counsel to Tiger Brands Chile.
Leading partner: Luis Carlos Valdés
Associate: Raimundo Soto