BLP advises FIFCO on the sale of its food and beverage businesses to HEINEKEN  

BLP acted as legal advisor to FIFCO in the execution of a binding agreement to sell to HEINEKEN N.V. ("HEINEKEN") the remaining 75% equity stake in its subsidiary, Distribuidora La Florida S.A., enabling HEINEKEN to acquire its beverage, food, and retail operations in Costa Rica, Guatemala, El Salvador, and Honduras, as well as its beverage operations in Mexico, together with its interests in beverage businesses in Nicaragua and Panama.

The purchase price of US$3.25 billion makes this transaction one of the most significant corporate deals in Central American history.

BLP provided FIFCO with comprehensive advice on corporate, regulatory, competition, and contractual matters, actively participating in the structuring, negotiation, and documentation of the transaction, as well as in the required regulatory approval processes.

The firm is honored to have supported FIFCO throughout such a sophisticated and complex transaction, which stands as a true testament to the credibility, track record, and legacy of one of the most emblematic and historic companies in Costa Rica and Central America.
The transaction, which has already been unanimously approved by FIFCO’s Board of Directors, remains subject to shareholder and regulatory approvals.

The BLP team was led by Partner Luis M. Castro, with the participation of Partner Adriana Castro, both of whom advised on mergers and acquisitions. Meanwhile, Partner Uri Weinstok led on competition and antitrust matters. Director Carlos García also contributed to resolving corporate issues.

The BLP team worked closely with FIFCO’s in-house legal team, led by Mariel Picado, Chief Legal Counsel together with Legal Managers David Sequeira, Isaac Castro, and Andrea Solís. The coordination between both teams was instrumental to the success of the transaction.

BLP reaffirms its commitment to excellence and technical reliability as a cornerstone of its value proposition. The firm’s participation in landmark transactions of this nature reflects its notable track record of success and proven ability to lead complex negotiations. BLP will continue delivering valuable and creative legal solutions with a strong business sense, in order to remain for FIFCO – and all its clients – True Business Law Partners.

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