PPU assists Nexa in sale of MPC to Quilla Resources
Philippi Prietocarrizosa Ferrero DU & Uría Peru has assisted Nexa Resources Peru in its agreement for the sale of its subsidiary Minera Pampa de Cobre (MPC), owner of the Chapi Mine in Moquegua, to Quilla Resources Peru.
The transaction, signed in September, is subject to the satisfaction of certain closing conditions of the transaction, the price being comprised of an upfront payment of $1M, a $4M payment after commencement of production and contingent payments of $11M, plus a mining royalty agreement for the production of ore at the mine, payable by MPC to Nexa.
PPU’s team was led by partners Rafael Lengua (pictured left) and Milagros Pastor (pictured right), with support from senior associate Sergio Cueva, and associates Mitzy Longa and Ciomar Levano.
