Morales & Besa advised Albia S.A. in the purchase and sale of assets and contracts of companies in the field of industrial laundry

September 5, 2018

The transaction involved the purchase and sale conducted by Albia S.A. (“Albia”), of a series of assets and contracts by which the companies “Lavarent y Compañía Limitada” and “Carla Frioli y Compañía Limitada” (the “Vendors”) developed the industrial laundry business in the Valparaíso region.

The operation involved two parts, the first one being the review of the legal documents that evidenced the rights of the Vendors, both on the assets and the contracts that were the object of the transaction. The second one involving the negotiation of the terms and conditions of the assets purchase, the assignments of contracts, and price adjustments based on certain situations that Albia may get to know after signing the documentation.

The Morales & Besa team that participated in this operation was made up by partner Macarena Laso, senior associate Guillermo Pizarro, and associates Sebastián Nieme and José Manuel Llamazales.