PAGBAM acted as international counsel of Submarino Viagens, subsidiary of CVC Brasil Operadora e Agencia de Viagens S.A., in the acquisition of Almundo for a total value of US$77,000,000 to Iberostar, a spanish turism group.
Almundo is a turism company with operations in different countries of Latin America.
The closing of the transaction is subject to completion of certain conditions, among others, approval of Brazil Antitrust Authorities.
Pérez Alati, Grondona Benites & Arntsen acted through its partners P. Eugenio Aramburu and Santiago Daireaux and its associate Pedro Menendez San Martín.
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