Phone     [562] 2383 0000

Fax           [562] 2383 0010

Dalgalarrando, Romero y Cía successfully advised  Telefónica Chile S.A., the largest fixed telephone company in Chile, in the placement of a bond for the amount of $48.000.000.000 (forty-eight billion Chilean pesos). BBVA Corredores de Bolsa Ltda. and Banchile Corredores de Bolsa S.A. acted as placement agents.

The Chilean Free Competition System regulated by Decree Law No. 211 was recently amended by the new Law No. 20,945

Among the matters addressed by this new law is the creation of a new anticompetitive offense denominated “direct horizontal interlocking”, the criminalization of collusion in relation to hard cartels, as well as an increase in fines on acts against free competition.

On the other hand, Law No. 20,945 stipulates that a company must report the acquisition of minority interests in competing companies. Also, the law requires all companies to notify the National Economic Prosecutor of mergers exceeding the operation’s maximum amount set by this authority for merger operations.

For more information, download the following PDF.

45f0cb1d-aa6b-4456-9d2d-e12a78cfdb98

Dalgalarrando, Romero y Cía. successfully advises Telefónica Móviles Chile S.A. in the placement of a bond for the amount of $ 94,410 million Chilean pesos, the highest historical nominal pesos placement in the local market.

Telefónica Móviles Chile S.A., subsidiary of Spanish group Telefónica, placed a bond for the amount of $ 94,410 million Chilean pesos, thus becoming the highest historical nominal pesos placement in the local market. The placement obtained an oversubscription of 2.45 times the amount placed and was rated “AA” by Fitch Ratings as and “AA +” by ICR. The bonds are payable in September 2021.

BCI Corredor de Bolsa S.A. and Santander Corredores de Bolsa Ltda. acted as placement agents. The placement obtained a yearly fixed interest rate of 4.75%.

Spanish group Telefónica is present in over 20 countries, providing them with mobile, broadband internet, digital TV and fixed network telephony services. In Chile, the company operates through its Chilean subsidiaries, Telefónica Chile S.A. and Telefónica Móviles Chile S.A., under the Movistar brand, with 12 million customers, making it the largest company of its kind in our country.

 

(more…)

Dalgalarrando, Romero & Cía. is recognized by Chambers and Partners in its 2016 rankings as one of the leading law firms in Latin America in the fields of Banking and Finance, Corporate Law/M&A and Energy & Natural Resources: Mining.

Dalgalarrando, Romero y Cía. successfully advises Grupo Pérez Cruz in the acquisition of a controlling stake in Gasco S.A. through a tender offer process.

(more…)

Dalgalarrando, Romero y Cía. responds the Chilean Chapter of the 2016 Private Equity questionnaire published by Latin Lawyer today.

Link

Dalgalarrando, Romero y Cía successfully advises EPG Partners (“EPG”) in the sale of Nubox S.p.A. (“Nubox”) to Riverwood Capital, a North American Silicon Valley company.
 
Nubox is a “software as a service” (SaaS) company that provides cloud accounting, remuneration and electronic invoicing services to more than 40,000 companies in Chile and Colombia.
 
Nubox, formerly Servipyme, was incorporated in 2001 and was acquired by EPG from Scotiabank in 2010. Since its acquisition by EPG, Nubox has significantly grown in invoicing, clients, profitability and associates, positioning itself with a simple, intuitive and easy to use product for small and medium sized companies.  During this period the company quadrupled its revenues and began its internationalization process by opening Nubox Colombia.
 
EPG is a Chilean based financial boutique focused in real assets and financial advice. EPG maintains an active participation in its companies and is especially involved in the creation and execution of their business plans.
http://www.economiaynegocios.cl/noticias/noticias.asp?id=231791

Dalgalarrando, Romero y Cia. advises Grupo Dominó on acquisition of Fuente Chilena more

Dalgalarrando, Romero & Cía. is recognized by Chambers and Partners in its 2015 rankings as one of the leading law firms in Latin America in the fields of Banking and Finance, Corporate Law/M&A and Energy & Natural Resources: Mining.

Sergio Romero Guzmán exposed as a panelist and only Chilean lawyer at the International Seminar on Mining “Lithium in the region of South America” on 8 and 9 April in Catamarca, Argentina.

  • Dalgalarrando, Romero y Cía successfully advised  Telefónica Chile S.A., the largest fixed telephone company in Chile, in the placement of a bond for the amount of $48.000.000.000 (forty-eight billion Chilean pesos). BBVA Corredores de Bolsa Ltda. and Banchile Corredores de Bolsa S.A. acted as placement agents.

  • The Chilean Free Competition System regulated by Decree Law No. 211 was recently amended by the new Law No. 20,945 Among the matters addressed by this new law is the creation of a new anticompetitive offense denominated “direct horizontal interlocking”, the criminalization of collusion in relation to hard cartels, as well as an increase in […]

  • Dalgalarrando, Romero y Cía. successfully advises Telefónica Móviles Chile S.A. in the placement of a bond for the amount of $ 94,410 million Chilean pesos, the highest historical nominal pesos placement in the local market. Telefónica Móviles Chile S.A., subsidiary of Spanish group Telefónica, placed a bond for the amount of $ 94,410 million Chilean […]

  • Dalgalarrando, Romero & Cía. is recognized by Chambers and Partners in its 2016 rankings as one of the leading law firms in Latin America in the fields of Banking and Finance, Corporate Law/M&A and Energy & Natural Resources: Mining.

  • Dalgalarrando, Romero y Cía. successfully advises Grupo Pérez Cruz in the acquisition of a controlling stake in Gasco S.A. through a tender offer process.

  • Dalgalarrando, Romero y Cía. responds the Chilean Chapter of the 2016 Private Equity questionnaire published by Latin Lawyer today. Link

  • Dalgalarrando, Romero y Cía successfully advises EPG Partners (“EPG”) in the sale of Nubox S.p.A. (“Nubox”) to Riverwood Capital, a North American Silicon Valley company.   Nubox is a “software as a service” (SaaS) company that provides cloud accounting, remuneration and electronic invoicing services to more than 40,000 companies in Chile and Colombia.   Nubox, […]

  • Dalgalarrando, Romero y Cia. advises Grupo Dominó on acquisition of Fuente Chilena more

  • Dalgalarrando, Romero & Cía. is recognized by Chambers and Partners in its 2015 rankings as one of the leading law firms in Latin America in the fields of Banking and Finance, Corporate Law/M&A and Energy & Natural Resources: Mining.

  • Sergio Romero Guzmán exposed as a panelist and only Chilean lawyer at the International Seminar on Mining “Lithium in the region of South America” on 8 and 9 April in Catamarca, Argentina.