Orica Mining Services Peru S.A. entered into an agreement to acquire 83.5% stake in Exsa S.A. from Grupo Breca for a deal valued at approximately AUD 300 million.
The transaction completion is subject to completion adjustments including for movements in working capital. The transaction is expected to completed by May 2020. Citigroup Global Markets Australia Pty Limited acted as financial advisor to Orica Limited. Guillermo Ferrero, Víctor Abad, José Salgado, Alfonso Pérez Bonany, Fabiola Capurro, Carlos González Prada, Fabio Ruesta and Jesibel Rosillo of Philippi Prietocarrizosa Ferrero Du & Uria and Estudio Echecopar acted as legal advisor to Orica Limited. BofA Securities acted as financial advisor to Breca in the transaction. Estudio Echecopar acted as legal advisor for Orica. Jean Paul Chabaneix, Augusto Cáceres, Adriana Bracamonte Marroquin, Sebastián Elías, Carolina Chipollini, Rómulo Muñoz, Milagros Mutsios and Martín La Rosa of Rodrigo, Elías & Medrano acted as legal advisors for Grupo Breca.