BANAGRICOLA

Publication Date:	lunes, enero 22, 2007
News Title:	Consortium Central America Attorneys assessed Bancolombia in the acquisition of the shares of Banagrícola in El Salvador
News Details:
Consortium Central America Attorneys through its office in El Salvador assessed Bancolombia, S.A. in the execution of the Stock Purchase Agreement to acquire up to the one hundred percent of shares of the financial conglomerate Banagrícola, S.A. for an amount of US$900 Million approximately. Bancolombia, the largest financial institution in Colombia which controls the 21% of the market of the country´s banking industry, will acquire Banagricola, S.A. through its wholly owned subsidiary Bancolombia Panamá, S.A. with the purpose to acquire the financial conglomerate, including the subsidiaries of Banagrícola in El Salvador which develop commercial and retail banking, insurances, pensions funds administrator and brokerage activities by an approximated price of US$47.00 per share. The transaction is expected to close on the first quarter of 2007. The purchase will be made through a Public Tender Offer in El Salvador and Panama once the approval of regulators in both countries is obtained, as well as in the U. S., where both banks have operations. The acquisition of Banagrícola, the largest bank in El Salvador and the leader in remittances controling the 29% of the credits and deposits market, is the first step from Bancolombia to expand its business in the Central American region in the following years. The team of lawyers who participated in this important transaction was integrated by: Ricardo Cevallos, Oscar Samour, Tanya Cortéz, Beatriz Beltranena, Eduardo Tomasino, Rodrigo Méndez, Carlos Oviedo, Juan Pablo Córdova, Suzanne de Tablas, Marcela Zelaya, Stephanie Montoya and José Alvarez; from Consortium El Salvador.

21/01/2010	Consortium-Nicaragua advises BCIE, FMO and EDC in syndicated credit to Polaris Energy Nicaragua S.A. (PENSA)
20/01/2009	Consortium Centro América Abogados advises Integral micro financial in its regulatory approval to start operations
28/10/2008	Consortium Centro América Abogados in Honduras advised Zino Davidoff in the acquisition of Camacho Cigars
10/06/2008	Consortium Centro America Abogados advised Guatemalan multinational company “Pollo Campero”
26/05/2008	Consortium Centro America Abogados advised the 30% purchase of the biggest steel company in Central America
14/05/2008	Consortium Centro America Abogados acted as legal counsel to Grupo Progreso in the purchase of El Lagar and El Colono enterprises
13/05/2008	Consortium Centro America Abogados advised BAC & GE in the recent merger involving US$ 70 million plus with Bamer
11/03/2008	Consortium Centro America Abogados acted as legal counsel to Tecnoguat on loan with OPIC and Banco Industrial
11/03/2008	Consortium Centro America Abogados acted as legal counsel to Citibank, IDB and DEG in a US$ 85 million loan to Banrural
05/01/2008	Consortium Centro America Abogados assessed Bancolombia in the acquisition of 9.59% of shares of Banagrícola
08/12/2007	Consortium Centro America Abogados advises Hanesbrands, Inc. in the acquisitions of 100% of shares of Bonaventure, S.A. de C.V.
07/12/2007	Consortium Centro America Abogados advises new General Sports Law in El Salvador
19/10/2007	Consortium Centro America Abogados participated as legal advisor for the very First transatlantic flight of Livingston Air in El Salvador
25/09/2007	Consortium Centro America Abogados advised the share purchase of US$ 14,000,000.00 to the Panamanian entity Tenedora Promerica Guatemala, S. A.
30/08/2007	Consortium Centro América Abogados advised Hidro Xacbal, S.A. in a US$182M syndicated loan in Guatemala
25/05/2007	Consortium Centro América Abogados advises in the acquisition of Nejapa Power in El Salvador and Empresa Energética Corinto in Nicaragua
20/05/2007	Consortium Centro América Abogados in GE´s acquisition of BAMER
18/12/2006	Consortium Central American Attorneys advised the financial institutions Citigroup and Cuscatlan Corporation in the acquisition of Grupo Cuscatlán
23/11/2006	Consortium – Laclé & Gutiérrez advised Citibank (Costa Rica), S.A. in the structuring of the refinancing for the acquisition of The Fiesta Hotels in Costa Rica
18/11/2006	Consortium-Rodriguez, Archila, Castellanos, Solares & Aguilar advised Credit Suisse International
13/11/2006	Consortium Central America Attorneys advised Citigroup in the acquisition of Grupo Financiero Uno in the region
23/10/2006	Consortium – Laclé & Gutiérrez advised Citibank, N.A. in the structuring of the financing for the acquisition of a free trade zone park in Costa Rica
09/10/2006	Consortium Central American Attorneys, assists El Salvador’s second largest financial institution Banco Cuscatlán in the refinancing of a series of certificates issued by Cuscatlan’s Master Trust
04/10/2006	Consortium Central América Attorneys advises Digicel Group in the acquisition of the Digicel Holding Limited Company
18/08/2006	Consortium Central America Attorneys in El Salvador advises the Andean Development Corporation (CAF) in the sale and purchase contract of Reduction of Emissions Certificates
12/08/2006	Partner of Consortium El Salvador contributes in the victory of El Salvador in the CIADI
04/08/2006	Consortium-J.R PAZ & Asociados counsels Park Dale Mills Honduras Energy which will provide energy to the largest and most technologically advanced Industrial Park of the Americas, Green Valley
05/07/2006	Consortium – Laclé & Gutiérrez advised Scotiabank in the negotiation and filing of the process of the tender offer and acquisition of shares of Interfin Corporation, S.A.
18/03/2006	Consortium – Delgado & Cevallos advised the Mexican company Arnecom to start operations in El Salvador
13/03/2006	Consortium - Taboada & Asociados advised Yamana Gold Inc. in the acquisition of the largest gold mine in Nicaragua.
13/03/2006	Consortium-J.R. Paz & Asociados counseled Delta Air Lines in the incorporation of the company in Honduras
18/02/2006	Consortium - Delgado & Cevallos adviced Credit Suisse First Boston in transaction of bond emission of AES guaranteed by electrical distributing companies of El Salvador
07/10/2005	Consortium - Delgado & Cevallos incorporates new attorney in El Salvador

News