Press Releases

Buenos Aires, 09.09.2020. Beccar Varela advised Asociados Don Mario S.A., acting as issuer, and Tanoira Cassagne Abogados counseled Banco de Galicia y Buenos Aires S.A.U. and Banco Itaú Argentina S.A., acting as organizers and placement agents, and Allaria Ledesma & Cía S.A., Itaú Valores S.A. and StoneX Securities S.A. (under registration process, formerly INTL CIBSA S.A ...

On September 2, 2020, CP Manque S.A.U. and CP Los Olivos S.A.U. (the "Co-Issuers"), subsidiaries of Central Puerto S.A. (“CEPU”) jointly issued Notes for an aggregate principal amount of US$35,160,000 and AR$1,109,925,000 (the "Notes"). The Notes were guaranteed by CEPU by means of an aval ...

Beccar Varela advised FCA Compañía Financiera S.A. on the issuance of notes Class XVII, carried out on August 13th, 2020, in two series under the Frequent Issuer regime and the Company’s Prospectus: Series I, denominated in Pesos, issued for a nominal value of $250 million, and Series II, denominates in UVAs, issued for the nominal value of UVAs 13.314.397, equivalent to almost $750 million ...

On August 7th, 2020, Vista Oil & Gas Argentina S.A.U. (“Vista Argentina”) issued Notes for a nominal value equivalent to US$30 million: Class IV Notes, denominated, subscribed and payable in Argentine Pesos, and Class V Notes, denominated in US Dollars, subscribed and payable in Argentine Pesos at the exchange rate established in the offering documents (dollar-linked) (the “Notes”) ...

Buenos Aires, 14 July 2020. Beccar Varela advised Tarjeta Naranja S.A. on Class XLIV notes issuance, worth AR$3,574,897,350, carried out under the company’s Global Program for the issuance of short, medium and long-term notes for a maximum nominal value of up to US$1,000 million (or its equivalent in other currencies). In this issuance, Tarjeta Naranja acted as issuer, Banco de Galicia y Buenos Aires S.A.U. as the organizer and co-placement agent and Macro Securities S.A ...

On June 29th, 2020, Industrial and Commercial Bank of China Limited (ICBC China) acquired the shareholding that Standard Bank London Holdings Limited (Standard Bank) had in the companies ICBC Argentina, ICBC Investment Argentina S.A., and Inversora Diagonal S.A., which represented 20% of the total shares in each of these companies. With these acquisitions, ICBC China became the only shareholder of the three companies mentioned above ...

Buenos Aires, March 31st, 2020. On March 26th, Beccar Varela promoted Federico Sosa and Francisco Zavalía to partner, in recognition of their talent and of the great contribution they have made to the firm in the areas of litigation and white collar & corporate crime respectively. Federico Sosa joined the firm in 2002. He focuses on litigation, particularly class actions, insolvency and bankruptcy ...

On February 21, Vista Oil & Gas SAU issued Class III Negotiable Obligations for a nominal value of US $ 50,000,000, in an emblematic transaction that included the integration of the securities in Pesos and their repayment in United States Dollars in an account abroad ...

On January 31, 2020, Raízen Gas SA, a company dedicated to the business of fractionation, commercialization and distribution of liquefied petroleum gas (LPG), advised by Marval O´Farrel Mairalfue acquired by Italgas SA The value of the operation is confidential. The transaction makes Italgas, advised by Beccar Varela, one of the main players in the commercialization and distribution of LPG. The transaction also involved the negotiation of supply agreements to provide Raízen Gas S.A ...

Buenos Aires, December 21st, 2019. It is with great sadness that Estudio Beccar Varela announces the passing of its partner Dr. Damián Fernando Beccar Varela, on December 19th in the city of Buenos Aires. Damián was the firm’s senior partner from 1985 to 2006. A natural leader with a charismatic and sensitive personality, throughout his career he accomplished many of his goals, both professionally and personally ...

December 17th, 2019. Beccar Varela advised Agrofina S.A. on the issuance of Class IX notes, worth US$9.014.981, carried out under the company’s Global Program for the issuance of simple notes, not convertible into shares, for a maximum nominal value of up to US$60 million (or its equivalent in other currencies). Class IX notes, issued on December 4th, 2019, will accrue interest at an annual fixed rate of 13.65%. Their maturity date will take place on July 4th, 2021 ...

Buenos Aires, 9 December 2019. Roberto H. Crouzel, a partner at Beccar Varela, was recognized with the inaugural “Lifetime Achievement Award for Pro Bono work” at the “Chambers Diversity & Inclusion Awards: Latin America 2019” ceremony, held on December 5th at the Sheraton Buenos Aires Hotel & Convention Centre. Chambers and Partners, the publication that annually organizes these Awards, has granted this prize for the first time, recognizing outstanding careers in pro bono efforts ...

Buenos Aires, 29 November 2019. Beccar Varela advised Banco de Galicia y Buenos Aires SAU on the issuance of Class VII notes, worth AR$4.182.280.000, carried out under the Prospectus On Stages for a maximum issuance amount of up to US$2,100,000,000, under the simplified Frequent Issuer Regime. The issuance took place on November 25. In this case, for the first time, Banco Galicia assumed the role of Frequent Issuer. Class VII notes maturity date will take place on May 25, 2020 ...

November 20th, 2019. Beccar Varela advised Agrofina S.A. on the issuances of Class VIII notes, worth US$13.509.284, and Class VIII Additional notes (reopening), worth US$4.979.651, both carried out under the company’s Global Program for the issuance of simple notes, not convertible into shares, for a maximum nominal value of up to US$60 million (or its equivalent in other currencies) ...

Buenos Aires, 30 October 2019. Beccar Varela and Allende & Brea rendered advice on a loan agreement for a total amount of up to US$800.000.000 granted to Grupo Gerdau. The loan was granted by Bank of America N.A., Banco Bilbao Vizcaya Argentaria S.A., New York Branch, BNP Paribas, Citibank N.A., HSBC Bank USA, National Association, JP Morgan Chase Bank N.A., Mizuho Bank, Ltd., Banco Santander (Brazil) S.A., Luxembourg Branch. The Bank of New York Mellon acted as administrative agent ...

Buenos Aires, 27 September 2019. On 30 August closed the acquisition through which Unilever Andina Bolivia S.A. purchased Astrix S.A., one the most important Bolivian cleaning and personal care products company. For more than twenty years, Astrix has been developing its activities in Bolivia, where it produces and markets mass consumption products. In this operation, the selling party was the Lichtenfeld Group ...

Buenos Aires, August 12th, 2019. On July 31st, 2019, Vista Oil & Gas S.A.U. (the “Issuer” or “Vista”) issued Class I Notes for a nominal value of US$50 million, and on August 7th, issued Class II Notes for the same nominal value of US$50 million. Both issuances took place under the global program for short, medium and long-term notes, not convertible into shares, for a maximum circulation amount of up to US$800 million (or its equivalent in other currencies and/or value units) ...

Buenos Aires, 8 August 2019. On 23 July 2019, BNR Infrastructure Co-Investment Limited (“BNR”), a UK incorporated company, acquired 24,99% stake in YPF Energía Eléctrica S.A. (also known as “YPF Luz”) from General Electric’s subsidiary EFS Global Energy BV. General Electric Company owns 50% of BNR’s economic rights and the Chinese fund Silk Road Fund Co. Ltd. owns the other 50% ...

Buenos Aires, August 6th, 2019. On July 26th, Vista Oil & Gas, S.A.B. de C.V., holding company of Vista Oil & Gas Argentina S.A.U., an independent Latin American oil & gas company, launched its initial public offering on the New York Stock Exchange (NYSE) under the symbol “VIST”. Vista Oil & Gas Argentina S.A.U. is an independent company focused on unconventional resources ...

Buenos Aires, August 5th, 2019. Banco Santander Río S.A., acting as lender, arranger, and administrative agent; together with Banco de la Ciudad de Buenos Aires, acting as lender, arranger, and collateral agent; and BBVA Banco Francés S.A., acting as lender and arranger, granted a loan to Oilstone Energía S.A. worth US$12 million. The deal involved the negotiation and drafting of a syndicated loan and a security assignment of contractual rights ...

Buenos Aires, 29 July 2019. Acting as lenders, Banco de Galicia y de Buenos Aires S.A.U., Banco Supervielle S.A., HSBC Bank Argentina S.A., Banco Hipotecario S.A., Banco Itaú Argentina S.A. and Banco de la Provincia de Buenos Aires granted a syndicated loan to Los Grobo Agropecuaria S.A., worth US$44,399,500, extendible up to US$70,000,000. Likewise, Banco de Galicia y de Buenos Aires S.A.U., Banco Santander Río S.A., Banco Supervielle S.A., HSBC Bank Argentina S.A., Banco Hipotecario S.A ...

Buenos Aires, 17 July 2019. Kids Corp, a leading company in Latin America that offers marketing services for products and services aimed at children and teenagers, received a strategic Series A investment from SuperAwesome, the global kid-tech platform based in the United Kingdom. The deal was completed successfully at the beginning of this month and required structuring the business in several jurisdictions, including Argentina, Mexico, Uruguay, and the UK ...

Buenos Aires, July 1st, 2019. Beccar Varela won the Gold Award for “Best Latin American Law Firm” in Corporate Law at the 12th edition of the “International Legal Alliance Summit and Awards”, held on June 27th at the Marriott Essex House, in New York City, USA. This is the second consecutive year the firm has won this award. At the Awards Ceremony, the firm was represented by Horacio E. Beccar Varela, Roberto A. Fortunati and Emilio Beccar Varela ...

Buenos Aires, June 6, 2019. On May 9, the operation through which YPF Ventures obtained a strategic stake in Sustentator S.A. closed. YPF Ventures is a YPF vehicle which seeks to diversify the company’s energy-related businesses and boost its local innovation. YPF Ventures will position itself in a new field for YPF, as a tool to generate innovation, either by incorporating already-proven global technology or developing at start-up level ...

Buenos Aires, 15 April 2019. Beccar Varela rendered legal advice to the Viola family, while Bomchil to Grupo Corporación América, on the restructuring of Bodega del Fin del Mundo (BDFM), founded by Julio Viola. They were partners as from the year 2009 ...