FERRERE Advised Grupo Landicorp, one of the most important business conglomerates in Bolivia, on the renegotiation and successful closing of the transaction in which its company Agustín & Aragón Inversiones sold Fábrica de Alimentos Aina SRL —devoted to cookie production and marketing— to a Bolivian business group.
While the merger and acquisition transaction had begun in 2024, the closing did not take place as expected due to contingencies not addressed in the share purchase agreement (SPA). In this scenario, Grupo Landicorp asked FERRERE to redesign the contract arrangement, safeguard its interests, and ensure the integrity of the transaction. The team conducted intensive negotiations with the buyers between January and May 2025, working on the drafting and review of new documents and on structuring specially tailored legal solutions.
The closing took place on May 28, 2025, with the signing of diverse contract instruments between the parties, including:
• an agreement for payment of pending accounts incurred prior to the sale;
• a debt recognition agreement with installments payments related to an accrued VAT credit;
• a lease agreement for the plant facilities, in effect until June 2025;
• inflation adjustment mechanisms to preserve the value of the payments made in local currency.
The FERRERE team leading the negotiations and the satisfactory closing consisted of our lead partner, Diego Villarroel, along with Christian Olea as senior associate, who played a fundamental role in successfully moving the process forward and obtaining a positive outcome for the client.
This transaction reflects FERRERE’s experience in managing complex merger and acquisition processes, like Grupo Landicorp’s, particularly in challenging economic contexts. Our approach combines legal knowledge, strategic vision and a profound understanding of the local regulatory and business environment.