News 21 Jan. 2015

Curtis Counsels Seller in Bolivia's Largest Stock Exchange Deal

In the largest deal ever conducted on the Bolivian stock exchange, Peruvian conglomerate Grupo Gloria acquired Bolivian cement maker Sociedad Bolivana de Cemento S.A. (SOBOCE) from Compañía de Inversiones Mercantiles S.A. (CIMSA). Grupo Gloria paid US$300 million for CIMSA's 51% stake in SOBOCE. Partners Matias Vega and William Candelaria of Curtis' New York office advised CIMSA. The transaction was reported by Latin Lawyer on January 15.