Carlos Pinto, Alejandro Pemintel and Pablo Ordoñez

PPO represents Inchcape in acquisition of Derco

Bolivian law firm PPO Abogados has represented Inchcape, the British automotive company, in connection with the local aspects of its acquisition of 100% of the shares of Derco for £1.3 billion (US$1.5 billion).

This transaction was signed on 27 July, and is expected to close by the end of 2022 or early 2023, subject to closing conditions. The jurisdictions involved were Bolivia, Chile, Colombia and Peru.

The acquisition, financed through cash, debt and equity transactions, will allow Inchcape to combine its broad international reach with Derco’s previously established presence in South America.

Derco is an independent automotive distributor in Latin America and operates more than 375 dealerships in Chile, Bolivia, Colombia and Peru.

PPO’s team consisted of partners Carlos Pinto (pictured left), Alejandro Pemintel (pictured centre) and Pablo Ordoñez (pictured right).

L Giselle Estrada

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