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

May 14, 2018

Morales & Besa successfully Acciona Airport Services, S.A. and Acciona Aeropuertos, S.L. in the negotiation and acquisition of the 100% of the ground handling business of 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 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 execution of the operation was duly approved by Chilean antitrust authorities.

Morales & Besa team involved in this transaction was formed by partners Macarena Laso and Michel Diban, with the participation of associates Guillermo Pizarro and Mariana Schnettler.