Carey assists Mitsui in acquisition of Mitta Investments stake
Carey has advised Mitsui & Co. on the acquisition of Inversiones Tajamar’s 11% stake in Inversiones Mitta
Chilean law firm Carey has assisted Mitsui & Co. in negotiating the documents and notifying the Fiscalía Nacional Económica (FNE) of the acquisition of Sociedad de Inversiones Tajamar’s 11% stake in Inversiones Mitta, granting Mitsui individual control over Mitta.
The FNE approved the transaction quickly, allowing Mitta to expand and improve the quality and innovation of services provided to Chilean consumers. Following the transaction, Mitsui holds a 60% stake in Mitta, while Tajamar holds 40%.
The transaction was closed on 29 November. Cuatrecasas acted as advisor to Inversiones Tajamar and Inversiones Mitta.
Mitta is the parent company of Chilean companies Autorentas del Pacífico, Leasing del Pacífico and Comercializadora Don Carlos, which offer operational leasing and car leasing services, financial leasing, and used car commercialisation, respectively.
Cuatrecasas’ team consisted of partner Roberto Guerrero, together with partners Tomás Kubick and Josefina Yávar.
Carey’s team was led by partner Claudio Lizana (pictured left), assisted by associates María José Villalón (pictured top right) and Oscar Lizana (pictured bottom right).
