Gómez-Pinzón has advised Acon Waste Management in the sale of 100% of Aseo Urbano’s shares to Spanish’s Veolia Holding America Latina S.A. The deal closed on May 15th.
Established in 2000, Aseo Urbano specializes in the collection and transportation of solid urban waste, as well as sweeping and cleaning of public areas in Colombia. The company also operates in Panama.
The transaction was subject to the authorization of the Superintendence of Industry and Commerce of Colombia, as both companies participate in the waste management market in the country. This authorization was granted in March.
Gómez-Pinzón Abogados served as legal counsel to the seller, with a team led by partners Andrés Hoyos Ramírez and Mauricio Jaramillo, assisted by senior associates Diana Silva Giraldo and Victor Ayalde Lemos and associates Biviana Helo, Natalia Villamizar Benesch and María Beatriz Segura.
Brigard & Urrutia Abogados acted as legal counsel to the buyer, led by director Fernando Alfredo Castillo, partner Sergio Michelsen Jaramillo and senior associate Christian Díaz Ordóñez.
Supporting law firms involved were: Márquez Barrera Abogados acting as counsel on antitrust matters to Veolia Environment SA and Philippi Prietocarrizosa Ferrero DU & Uría serving as counsel to the minority shareholders Lanoga Enterprise, a stakeholder in Aseo Urbano (seller).