Pérez Alati, Grondona, Benites & Arntsen (PAGBAM) advised TGLT S.A. (“TGLT”), a leading company in real estate development in Argentina, in the merger by acquisition process of constructing company Caputo S.A.I.C. y F. (“Caputo”), being TGLT the absorbing company, and Caputo the absorbed company (the “Merger”). Therefore, TGLT has been able to cover every stage of the real estate development process, from the acquisition of land to the post-sale services, including the evaluation of new projects, product design, construction managing, marketing, sales, commercialization and financial management.
The Merger is the final stage of a strategic growth and investment process carried out by TGLT, which started with the acquisition of a majority share in Caputo in January 2018, and continued with the launch by TGLT of a mandatory tender offer (OPA) destined to Caputo’s minority shareholders (transactions where TGLT was also advised by Pérez Alati, Grondona, Benites & Arntsen).
The Argentine Securities Commision took part in this merger, given that TGLT and Caputo are issuers of shares in the public offer regime and listed in the stock exchange. The merger was approved by the board of the Argentine Securities Commission on May 8, 2019 and the merger was registered in the Public Registry of Commerce of Buenos Aires on May 23, 2019.
Advisors of TGLT S.A.
Pérez Alati, Grondona, Benites & Arntsen
Parters: Diego Serrano Redonnet and Manuel M. Benites. Associates: Danilo Parodi Logioco, Facundo Fernández Santos, Alicia Codagnone and Paula Balbi.
TGLT S.A. in-house counsels:
Federico Wilensky, Luciano Loprete, José María Krasñansky and Cristopher Bobadilla
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