Rebaza, Alcázar & De Las Casas advised ISM Group (through Global Ulysses S.L.) on the execution of an Investment, Contributions, and Share Subscription Agreement, as well as a Shareholders' Agreement, with Rio Seja Holdings Ltd. Inc., a company related to Grupo Solid, by means of which both companies made investments in Compañía Centroamericana de Alimentos San Miguel S.A. (the “Company”).
Grupo ISM is a Peruvian conglomerate that operates the beverages and food industry and is present in several Latin American countries. Grupo Solid is a Guatemalan conglomerate that operates in the paint industry and has operations in Central America and the Dominican Republic
On July 21, 2023, after fulfilling certain precedent conditions, Global Ulysses S.L. acquired 70% of the capital stock of the Company. With this transaction, ISM Group and Rio Seja Holdings Ltd. Inc. became strategic partners in the soft drinks industry in Guatemala, El Salvador, and Honduras.