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Spain's Santander is buying the shares it didn't already own in its Mexico subsidiary. Here a Santander branch in Plaza Miramontes in Mexico City.(Photo: David Miranda Calixto)
Cleary Gottlieb partner Jorge Juantorena advised on the $2.9 billion Santander Mexico deal and Bimbo's $600 million offer.
Thursday, September 5, 2019
Legal Briefs

Cleary Advises Mexico Deal, Offer

Cleary Gottlieb advises Santander $2.9 billion deal, Bimbo $600 million offer.


Cleary Gottlieb is representing Spanish bank Banco Santander on its $2.9 billion acquisition of the stake in its Mexican subsidiary it doesn’t already own (the largest M&A transaction in Mexico this year) and the initial purchasers in a $600 million global bond offering by Mexican breadmaker Bimbo.


Meanwhile, DLA Piper advised Mexican forestry company Proteak Uno on a shareholder subscription offer.

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Keywords: Capital MarketsCleary Gottlieb, DLA Piper, Finance, Mexico, M&As


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