Gómez-Pinzón Abogados acted as counsel to Colombia’s lime productor and distributor, Procesadora de Cales S.A.S. (Procecal) in the structuring and negotiation of a joint venture with Productos Minerales Calcáreos S.A. (Promical). The transaction closed August 10th.
The deal involved the establishment of a joint venture company named Rio Cal S.A.S., a company whose principal business is to serve the lime market in Colombia and which combines the traditions and employees of ProMical S.A. and Procecal S.A.S. with over 50 and 20 years of experience respectively.
The transaction also involved the negotiation of ancillary agreements between the parties such as a shareholders‘agreement, an operational agreement, a stone supply agreement, and a non-compete agreement, among others. In addition, the transaction was subject to a previous verification process on antitrust with the Superintendence of Industry and Commerce of Colombia.
Gómez-Pinzón’s team was made up of partners Lina Uribe and Felipe Mariño and associate Elisa Echavarría.