Morgan & Morgan advised Unión Nacional de Empresas, S.A. (UNESA) in the registration and public offering of common stock for an amount of up to US$90,000,000
August, 2015 - Panama, Panama
Morgan & Morgan advised Unión Nacional de Empresas, S.A. (UNESA), the holding company of an array of businesses involved in real estate, construction, hospitality and other commercial and industrial activities, in the registration and initial public offering of Class “B” Common Stock for an amount of up to US$90,000,000.
For purposes of their public offering, UNESA registered 3,000,000 Class “B” Common Stock with the Superintendency of Capital Markets of Panama. The Class “B” Common Stock grant their holders the right to receive dividends but not the right to vote, except in relation to certain specific matters. The Class “B” Common Shares were successfully listed with the Bolsa de Valores de Panamá, S.A.
Partner Francisco Arias and associates Ricardo Arias and Roberto Vidal, participated in this transaction.
