Morales & Besa advised Acciona Airport Services S.A. and Acciona Aeropuertos S.L. in the negotiation and acquisition of 100% of the ground handling of Latam Airlines Group

May 7, 2018

Morales & Besa advised Acciona Airport Services, S.A. and Acciona Aeropuertos, S.L. in the negotiation and acquisition of 100% of the ground handling assistance business of the Latam Airlines Group at Santiago’s International Airport. The transaction was executed through the acquisition of the 100% of the shares issued by Andes Airport Services S.A., subsidiary of Latam Airlines Group S.A.

The execution of the operation was duly approved by Chilean antitrust authorities and led by our team on the matter. The operation included the execution of a 6-month term transition services agreement in favor of Andes and 5-year initial term ground handling services agreement, by means of Acciona will provide such services to Latam Airlines Group and its subsidiaries at Santiago’s international airport.

The team of Morales and Besa that participated in the operation was formed by the partners Macarena Laso and Michel Diban; and the associates Guillermo Pizarro and Mariana Schnettler.