Federico Grebe, Guillermo Infante and Guillermo Vial

PPU counsels AD Retail on its integration with La Polar

Philippi Prietocarrizosa Ferrero DU & Uría Chile has counselled AD Retail in its integration with La Polar, through the implementation of a commercial agreement that includes, among other steps, the purchase by La Polar of all the shares of AD Retail, and the acquisition by AD Retail shareholders of a portion of the share ownership of La Polar, the corporate reorganisation and restructuring of the debt of both companies and the integration of the subsidiaries involved in the payment card issuing industry.

This transaction, which closed on 11 January, amounted to approximately USD $17,500,000. Larrain y Asociados acted as advisor to La Polar and Carey advised the senior creditors.

Larrain & Asociados’ team included partners Arturo Bulnes, Andrés Silva and Juan de Dios Ferrada, as well as associates Andrés del Sante, Michelle Inzunza and Diego de la Barra.

PPU’s team was led by partners Federico Grebe (pictured left), Guillermo Infante (pictured centre) and Guillermo Vial (pictured right), assisted by director Constanza Rodríguez, senior associate Josefina Joannon and associates Juan Pablo Zegers and Antonio Marinovic.

L Giselle Estrada

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