Philippi Prietocarrizosa Ferrero DU & Uría has assisted France’s Colas, a leading construction and transport infrastructure maintenance company, in the acquisition of Conalvias Construcciones S.A.C., the Peruvian subsidiary of Colombian construction company Conalvias, which provides construction services to the mining sector, and engages in the construction and maintenance of roads.
Representation included due diligence on ongoing construction works and construction arbitrations, as well as complex negotiations for price adjustments and payment mechanisms. The transaction is subject to the evaluation and approval of the Peruvian Ministry of Transport and Communications, as well as government entity Provias. With this acquisition Colas has established presence in Peru and expanded its operations in LatAm.
PPU Legal acted as legal advisor to Colas, with a team led by partner Rafael Boisset, assisted by associates Raúl Vizcarra, Alessandro Mussio and Milagros Pastor, while Estudio Echecopar, member of Baker McKenzie International, served as legal counsel to Conalvías Construcciones.