Morales & Besa advises AFP Provida in tender offer process

October 1, 2013

Morales & Besa successfully advised Chile’s largest pension fund manager AFP Provida and its Board of Directors in the tender offer and change of control from its controlling shareholder, BBVA, a Spanish bank, to MetLife, a US insurance company. The transaction was for an amount of US$2 billion.

In the transaction the M&B team was led by partner Guillermo Morales E. with associates Andrea Diaz T. and Josefa Rodriguez B.