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30/05/2024

Vouga Abogados advised Azeta Group, one of the most important economic conglomerates in the country and active in various sectors of the economy, in the acquisition of 50% of the capital stock of Biggie S.A., the first and largest chain of 24-hour convenience stores.

This transaction represents a significant milestone for Azeta Group, as will integrate this business among other retail activities. Also, this is one of the largest (if not the largest) acquisitions so far in 2024.

Vouga's team, led by partners Rodolfo G. Vouga and Perla Alderete, together with senior associate Cecilia Vera and associates Belén Rodriguez, Camila Dutra, and Lie Kawamura, advised the acquiring party on all aspects of the transaction, from structuring to closing. This included due diligence, drafting and negotiation of the transaction documents, financing, and regulatory approvals.

Furthermore, the National Competition Commission (CONACOM) has unconditionally approved the transaction during phase 1 of its evaluation. Vouga Abogados was responsible for the notification process before CONACOM on behalf of both parties. The partners Rodolfo G. Vouga and Rodrigo Fernández de Nestosa led Vouga team, with the support of senior associate Cecilia Vera and associate Lie Kawamura.

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