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