Compañía Siderúrgica Huachipato S.A. Spin-off December 2017
Deal description
Guerrero Olivos assists long standing client CAP S.A., leading iron ore and pellets producer on the Pacific Coast, largest steel producer in Chile, and the most important steel processing company in the country, in the spin-off of its subsidiary Compañía Siderúrgica Huachipato S.A., steel producer company, which was divided into 4 companies, Compañía Siderúrgica Huachipato S.A. (legal successor) and three new real estate companies namely Inmobiliaria Santiago S.A., Inmobiliaria Rengo S.A. and Inmobiliaria Talcahuano S.A.
Relevance to this assistance is that the spin-off process will allow our client to diversify its business line and develop prospective real estate investments.
Counsel list
Counsel to CAP S.A. and Compañía Siderúrgica Huachipato S.A.: Guerrero Olivos
Leading Partner Roberto Guerrero V. [email protected]
Partner Macarena Ravinet [email protected]
Associate Tomás Montes [email protected]
CAP S.A.’s in-house counsel: Stefan Franken
Compañía Siderúrgica Huachipato S.A.’s in-house counsel: Eduardo Carrasco
Date of closing
29/12/2017
Deal value
USD376 million
Jurisdictions involved
Chile