Gross Brown assists in $35m investment for construction of Cold Storage Plant
Paraguayan law firm Gross Brown has assisted Shih Jung Chang and Grupo Chagra (Ganadera Los Lazos) in an investment of approximately USD $35 million for the construction of Frigorífico Los Lazos.
As of this transaction, closed on 10 October, the project of the cold storage plant will be built on a 14-hectare site in the department of Presidente Hayes, with a slaughtering capacity of 500 head per day and will generate more than 400 direct jobs.
The consultancy involved the conclusion of a shareholders and investment agreement, as well as a loan agreement with national and international guarantees, for the financing of the project.
Gross Brown’s team was led by partner Sigfrido Gross-Brown (pictured), and integrated by senior associate Pablo A. Debuchy Boselli and associate Alvaro Portillo Prono.
