{"id":50074,"date":"2025-07-11T09:53:13","date_gmt":"2025-07-11T09:53:13","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=50074"},"modified":"2025-07-11T09:53:13","modified_gmt":"2025-07-11T09:53:13","slug":"bruchou-funes-de-rioja-advised-open-cars-group-on-the-acquisition-of-mercedes-benz-argentina","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/bruchou-funes-de-rioja-advised-open-cars-group-on-the-acquisition-of-mercedes-benz-argentina\/","title":{"rendered":"Bruchou &amp; Funes de Rioja advised Open Cars Group on the acquisition of Mercedes Benz Argentina"},"content":{"rendered":"<p><strong>On February 19, 2025, Open Cars Group entered into a share purchase agreement to acquire 100% of the share capital and voting rights of Mercedes Benz Argentina S.A.U. (now Prestige Auto S.A.U.) from Mercedes-Benz Group, which was completed on June 17, 2025. The transaction includes the indirect acquisition of a controlling interest in C\u00edrculo Cerrado S.A. de Ahorro para Fines Determinados, a local vehicle savings plan company.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>The transaction covers the production of vans in Argentina, the wholesale distribution of both locally produced vans and imported cars in Argentina, and operation on an after-sales business in the national market.<\/p>\n<p>This transaction strengthens the efficiency of the automotive sector and positions the parties as key players in the modernization and growth of the industry in Argentina, as it marks a significant step in the strategic realignment of the Mercedes-Benz Group\u2019s operations in Argentina. Following the closing of the transaction, MBA will continue to operate as an independent entity under its new corporate name, Prestige Auto S.A.U.<\/p>\n<p>Bruchou &amp; Funes de Rioja advised <strong>Open Cars Group<\/strong>, including Daniel Herrero (former CEO of Toyota Argentina), Alfonso Prat-Gay and Santiago Palay, with a team led by partner <strong>Santiago Balbi<\/strong>, senior associates <strong>Agustina Rocca<\/strong> and <strong>Federico Vicente<\/strong>, and associates <strong>Delfina N\u00e9col<\/strong>, <strong>Santiago Cleti<\/strong>, and <strong>Josefina De la Torre <\/strong>(General Corporate and M&amp;A), and partner <strong>Gabriel Lozano<\/strong> (Competition and Antitrust).<\/p>\n<p>Allende &amp; Brea advised <strong>Mercedes-Benz Group<\/strong>, with a team led by partner <strong>Valeriano Guevara Lynch<\/strong>, senior associate <strong>Nicole Dillon<\/strong>, and associates <strong>Micaela Z\u00e1rate<\/strong> and <strong>Micaela Kim<\/strong> (General Corporate and M&amp;A).<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-50074","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/50074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=50074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}