July, 2017 - Buenos Aires, Argentina
Beccar Varela and Allende & Brea advise in Masisa's acquisition by Egger Group
Buenos Aires, July 21st, 2017. Egger Holzwerkstoffe GmbH, through its Argentine subsidiary Egger Investments S.A., signed an agreement for the acquisition of the industrial business of Masisa Argentina SA (subsidiary of Masisa S.A., a Chilean company) on July 17th. The transaction is expected to close within the next three months, once the conditions precedent contained in the agreement are met. Horacio E. Beccar Varela, managing partner of Beccar Varela (counsel to Egger), stated that the team “is pleased to have counseled a European group as prestigious as Egger, interested in investing in our country. We believe this is a good sign for the times to come”. Valeriano Guevara Lynch, managing partner of Allende & Brea (counsel to Masisa), highlighted that the transaction “involved two strong players in the industry, which is a sign of trust in renewed investment in the country”.