O’Neal Webster recently acted as BVI counsel to Mercantil Colpatria, S.A. in connection with its acquisition from General Electric Capital Corporation of a 49.77% stake in Banco Colpatria, one of Colombia’s leading banks. Mercantil Colpatria is a conglomerate whose business operations in Colombia includes the banking, construction, insurance, pension fund and mining sectors. The deal was partially financed by UBS and a syndicate of banks. As a result of the acquisition Mercantil Colpatria now owns approximately 99.8% of Banco Colpatria.
The O’Neal Webster team was led by partner, Vanessa King and counsel, Christopher Simpson.
For further information, please contact Christopher Simpson (csimpson@onealwebster.com).
This Guide is general in scope and is not intended to be comprehensive. It is not a substitute for legal advice.