MEXICO CITY, June 30, 2020 /PRNewswire-PRWeb/ -- A team of Corporate Practice and Infrastructure Group attorneys from the Mexico City office of global law firm Greenberg Traurig, LLP, represented Red de Carreteras de Occidente S.A.B. de C.V. (RCO) in the process leading up to the purchase of approximately 72 percent of its capital stock for US$2.387 billion.

Greenberg Traurig Infrastructure Group and Corporate Practice Shareholders Juan Manuel González Bernal and Carlos R. Garduño acted as lead counsel in the sale to a partnership formed between GIC Special Investment Pte. Ltd. and Abertis Infraestructuras, S.A. A team of Greenberg Traurig attorneys represented target in a complex process involving negotiating the purchase agreement, procuring regulatory approvals for the transaction, coordinating the exercise by its minority shareholders of contractual tag-along rights and the preparation and filing of the application and related documents before Mexico's National Banking and Securities Commission for a tender offer to be conducted following the cancellation of the registration of the company's shares in the Mexican Securities Registry. The GT team coordinated all efforts to ensure an orderly and timely closing, including the surrender of the certificates of capital development (CKD) currently representing the company's minority Series B Shares.

"We are pleased to successfully close another landmark transaction for RCO," said González Bernal. "In addition to the complexity involved in structuring a cross-border transaction in a tight timeframe, this deal required our team to come up with a groundbreaking strategy to avoid potential regulatory challenges. We focused on identifying business-oriented legal solutions that would accomplish the business objectives of our client and all other parties."

RCO is one of the largest operators and developers of private toll roads and related infrastructure in Mexico. It controls five concessionaires that manage 876.5 KM, which serves as the main transportation route in the central-western region, connecting the core industrial corridor of El Bajío with the two largest cities, Mexico City and Guadalajara.

González Bernal and Garduño led the team of Greenberg Traurig attorneys that included Associates David Argueta and Alfonso Malagón Lozano.

About Greenberg Traurig Mexico: Greenberg Traurig's Mexico City office offers clients innovative, strategic advice and legal services that span both traditional fields and contemporary regulatory sectors. The office has more than 60 bilingual attorneys who have been contributors to major national projects in Mexico and leverages the resources and reach of the firm's global platform to provide clients with tailored legal services reflective of the specific industry and market conditions in which they operate. The Mexico City office is an integral part of the firm's award-winning Latin America Practice, and has been recognized with leading banking, corporate, M&A, infrastructure, real estate, privacy, energy, administrative litigation, and competition practices in Mexico.

About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has approximately 2200 attorneys in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: http://www.gtlaw.com Twitter: @GT_Law.

SOURCE Greenberg Traurg, LLP