ADVISED GLORIA GROUP IN THE SALE OF A MAJORITY STAKE IN CACHIMAYO

Hernández & Cía. Abogados had advised Grupo Gloria -one of the biggest industrial conglomerate in Peru- in the sale of a majority stake in Industrias Cachimayo S.A. (Cachimayo), subsidiary of Yura S.A. (Yura) to Enaex S.A. (Enaex), which is -globally- the third largest producer of ammonium nitrate of industrial grade, with presence in 40 countries via exportation.

Enaex acquired such Cachimayo´s majority stake through its subsidiary Holding Nitratos S.A. 

As part of the transaction structure, the counsels to Grupo Gloria and Enaex jointly worked on the negotiation and drafting of the Stock Purchase Agreement and all auxiliary and complementary documentation related to this share acquisition.

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