FERRERE Paraguay advised Hidrovias do Brasil on the acquisition of Imperial South America, Imperial Shipping Paraguay and other assets of the same group for approximately US$90 million. The deal included the port Baden concession, managed as a joint venture with CIE.

The acquired companies operate a fleet of more than 90 vessels and move an estimated 1.6 million tons of dry bulk cargo a year. Its primary customers are industrial groups in the steel and agro sectors. The South American shipping business of the company acquired employs about 150 people.

Hidrovias do Brasil is an independent integrated logistics provider focused on waterway logistics services in Latin America.

According to Hidrovias do Brasil, the goal is to strengthen its position on the Paraná-Paraguay waterway, which is part of a logistics corridor in Brazil's southern region, where it currently operates grain, cellulose and iron ore transportation. The transaction will also be important for increasing product diversification.

FERRERE’s team included partners Veronica Franco, Eduardo Ammatuna, Marysol Estigarribia, and associates Yamina Centurión, Fernanda Benítez, Valentina Conti and Ignacio Mera. Skadden advised Hidrovias on transactional matters.

The Hidrovias in-house team was led by Alicia Gambetta. Anahí Martinez was part of the team in Paraguay.