BU acts on sale of Productora Nacional Avícola to GLD
Brigard Urrutia has acted as legal advisor to Productora Nacional Avícola in the sale of 40% of its shares to the Spanish company Global Layer Distribution (GLD) for COP $14,460,800,000.
Upon completion of this acquisition GLD acquires 100% of the shares of Productora Nacional Avícola.
The transaction corresponds to the second tranche agreed by the parties on 17 March 2022, where Consultoría Jurídica Empresarial acted as advisor to the buyer in Colombia. The transaction was a challenging one as the purchase price includes an earn-out for 2026.
Productora Nacional Avícola is a company engaged in layer distribution including the importation of day-old or hatching eggs, production, distribution and marketing of hatching eggs or day-old layers to egg producers and other customers (including breeding and production stages, egg collection, farm and hatchery management, egg incubation and delivery of hatching eggs or day-old chicks).
Global Layer Distribution is a Spanish company that provides services and financing to other companies in the business group.
Consultoría Jurídica Empresarial’s team was represented by Laura Rojas.
BU’s team was led by partners Sergio Michelsen (pictured left) and Darío Laguado (pictured right), with support from director Ángela Marcela García Páez and associates María Paz Canal Santacruz and Natalia María Castiblanco Carranza.
