DECEMBER 22. 2020
Vouga Abogados advises shareholders of Cadena Farmacenter on the sale of majority shareholding to Grupo Cartes

On December 15, 2020, two shareholders of Cadena Farmacenter S.A. sold part of their shares to Grupo Cartes, allowing the latter to gain control of said company, which has been one of the leading drugstore chains in the Paraguayan market for almost 4 decades, with more than 100 stores nationwide and more than 1100 workers. These figures make this one of the most important M&A transactions in recent years in Paraguay.


During the negotiations, Vouga Abogados provided the Vendors with continuous advice from the very beginning of the negotiations. The process covered all aspects of the transaction, including due diligence, and preparation, review and negotiation of the different transaction agreements, all this together with the team of Alpax Paraguay, Seller's financial advisors.

In accordance with the agreements signed with the Cartes Group, the Sellers continue to be linked to Cadena Farmacenter S.A., which will allow them to contribute with their successful experience, key during the transition process. Both groups are confident that the change will strengthen the growth plans of the Farmacenter chain.


If you wish to know more about our Mergers and Acquisitions practice, please do not hesitate to contact Rodolfo G. Vouga Z. (, Perla Alderete ( or Rodrigo Fernandez (


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