We advised Central Puerto on the acquisition of Masisa’s forestry business in Argentina

New Deal - January 12, 2023

Bruchou & Funes de Rioja and Allende & Brea acted as legal advisors to Central Puerto (“CEPU”) and Masisa S.A. (“Masisa”) in the acquisition of Masisa Argentina S.A. and Forestal Argentina S.A. by Proener S.A.U., a wholly owned subsidiary of CEPU. The operation includes the acquisition of 72.000 hectares of forestry real estate in the provinces of Entre Ríos and Corrientes for US$ 69.364.162.-

CEPU, a public company listed in Bolsas y Mercados Argentinos S.A. (BYMA) and the New York Stock Exchange (NYSE), is one of the major power generators in Argentina.

Masisa, a public company listed in the Chilean Stock Exchanges and the New York Stock Exchange (NYSE), is a leading vertically integrated Latin American wood boards company.

Bruchou & Funes de Rioja advised CEPU through an interdisciplinary team of professionals led by M&A team members: Partner Mariano Luchetti and associates Nicolás Dulce, Macarena Rolon and Patricio Gutiérrez Eguía with the support of Gabriel Lozano, antitrust and Pablo Muir, tax.

CEPU was also assisted by its in-house team led by José Manuel Pazos and María Justina Richards.

Allende & Brea advised Masisa through its M&A team led by partners Valeriano Guevara Lynch, Tomás Di Ció and tax partner Nicolás Procopio.

Masisa was also assisted by its in-house team led Patricio Reyes.