Orica Mining Services Peru S.A. completed the acquisition of 83.5% stake in Exsa S.A. from Grupo Breca.
The transaction completion is subject to completion adjustments including for movements in working capital. The transaction is expected to completed by May 2020. Citigroup Global Markets Australia Pty Limited acted as financial advisor to Orica Limited. Guillermo Ferrero, Víctor Abad, José Salgado, Alfonso Pérez Bonany, Fabiola Capurro, Carlos González Prada, Fabio Ruesta and Jesibel Rosillo of Philippi Prietocarrizosa Ferrero Du & Uria and Estudio Echecopar acted as legal advisor to Orica Limited. BofA Securities acted as financial advisor to Breca in the transaction. Estudio Echecopar acted as legal advisor for Orica. Jean Paul Chabaneix, Augusto Cáceres, Adriana Bracamonte Marroquin, Sebastián Elías, Carolina Chipollini, Rómulo Muñoz, Milagros Mutsios and Martín La Rosa of Rodrigo, Elías & Medrano acted as legal advisors for Grupo Breca.
Orica Mining Services Peru S.A. completed the acquisition of 83.5% stake in Exsa S.A. (BVL:EXSAI1) from Grupo Breca on April 30, 2020. Liliana Espinosa and Fernando Sam of Baker & McKenzie LLP acted as legal advisor to Orica Mining Services Peru.