Member News - TAGLaw

Guerrero Olivos Helps Plansee Forge Closer Link with Chilean Supplier

Plansee Group, the worlds largest producer of molybdenum-based metal products, has retained Guerrero Olivos (Chile) in Santiago to help bolster its control over the worlds largest molybdenum processor, Molymet.

The 27 February deal saw Plansees Chilean subsidiary increase its stake in Chiles Molymet from 14 percent to 20 percent through both a capital increase and the purchase of shares.

The US$136 million transaction better secures Plansees access to molybdenum, an ore used in steel manufacturing.

Deal counsel:
Guerrero Olivos
Partner: Sebastián Guerrero
Associate: Tomás Kubick

 

< Back