Skadden Advises on Citi, Duke Sales

Cleary Gottlieb advises Banorte, Diaz Reus FMO and Hogan Lovells Cydsa.

BY LATINVEX STAFF

Skadden advises on $1.2 billion Duke Brazil sale to China Three Gorges Corporation and Citi’s sale of its consumer banking business in Brazil to Itaú Unibanco and in Argentina to Banco Santander Rio. Meanwhile, Cleary Gottlieb advised the representatives of the initial purchasers in the $500 million debt offering by Mexico bank Banorte; Diaz Reus secured a victory for its client, Venezuela’s iron ore company C.V.G. Ferrominera Orinoco, C.A. (FMO), in a move that could potentially derail a $350 million global arbitration and litigation case against FMO and Hogan Lovells advised Mexican chemical, textile and packaging-materials producer Cydsa on its $30 million securitization.

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Keywords: Argentina, Banco Santander Rio, Brazil, Citi, Cleary Gottlieb, Cydsa, Diaz Reus, Duke Energy, Hogan Lovells, Itau Unibanco, Skadden, Venezuela