Grupo Romero, through Grio (Romero Investment Office Group), has signed an agreement with one Corp through which a strategic alliance is established for the operations of Primax In Peru and Ecuador, which will be led by one Corp, as well as the sale of Primax operations in Colombia.
This operation aims to strengthen the capacities of both organizations, expand their regional presence and accelerate the sustainable growth of the business.
The transaction is subject to compliance with the usual preceding conditions in this type of agreements, so the definitive closure and the change of control will be specified once these conditions are verified.
This alliance between Primax and one CORP represents a synergy that combines the best of Grupo Romero and one Corp: experience, leadership, innovation and a common vision for the future.
This integration will allow to share and apply best practices, optimize processes and offer more integral and competitive solutions to clients and strategic allies.
The alliance joins two conglomerates with extensive experience in the energy sector, which share the purpose of leading the transition to diversified energy solutions in the region, promoting sustainable development and consolidating Primax as a more resilient, innovative and prepared brand for the challenges of the energy future.
JP Morgan and Deutsche Bank acted as Financial Advisors of Grio. Skadden, ARPS, Slate, Meagher & Flom Llp acted as a leading legal advisor for the transaction.
Santander acted as a financial advisor of a corp. Holland & Knight LLP acted as a leading legal advisor for a corp for transaction.
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