Ultramar: Cross-border legal advisor

We are pleased to share with you a cross-border Mergers & Acquisitions transaction in the Paraguay-Paraná Waterway.

The Transaction consisted of a Strategic Association between Navemar S.A. and Paramar S.A., member companies of Grupo dos Santos (Paraguay), and Global Shipping Paraguay S.A. and Unimarine Paraguay S.A., member companies of Ultramar (Chile).

This Strategic Association implies a 50%-50% Joint-Venture of both Groups in Paraguay.

Beginning its activities in 1958 as a Maritime Agent, Grupo dos Santos is a benchmark in the Paraguay-Paraná Waterway, today extending its services through:

  • Navemar: Maritime Agency;
  • Paramar: Freight-forwarder, offering air, sea-river, land, and specialized project cargo services;
  • Paranave: River shipowner in the Paraguay-Paraná Waterway;
  • Terport: Container port terminals.

Ultramar was founded in Chile in 1952, starting as a shipping agent for the German shipping companies Hamburg Süd & Hapag Lloyd. Over the years, it has diversified, venturing into the loading and unloading, warehousing, container transportation and storage, air representation and port investment businesses. Seventy years later, Ultramar is present in more than 16 countries in the Americas, through more than 80 operating companies.

BRAGARD acted as legal advisor to the shareholders of Global Shipping Paraguay S.A. (Ultramar) in this Transaction, with the local support of Estudio Vial y Cía. (Chile) and Berkemeyer (Paraguay).

Senior partner Agustina Bomio and associate Daniela Sztryk lead and coached BRAGARD´s legal team throughout the entire operation.