News and developments

Press Releases

BUSTAMANTE FABARA advises Industrial Danec S.A. on strategic acquisition of majority stake in La Industria Harinera S.A.

Quito, Ecuador – July 3, 2025 – BUSTAMANTE FABARA, a premier law firm renowned for its leadership in mergers and acquisitions and its deep experience in complex cross-border transactions, is proud to announce its role as counsel to Industrial Danec S.A. in the acquisition of a majority stake in La Industria Harinera S.A. (“LIHSA”), a top-tier company in Ecuador’s milling sector.
04 July 2025
Press Releases

BUSTAMANTE FABARA advises Millicom on the USD 380 million acquisition of Telefónica Ecuador

Quito, Ecuador – June 23, 2025 – BUSTAMANTE FABARA, a leading law firm recognized for its expertise in mergers and acquisitions and complex cross-border transactions, acted as Ecuadorian legal counsel to Millicom (leading provider of fixed and mobile telecommunications services under brand name Tigo) in the acquisition of Telefónica’s operations in Ecuador, a transaction valued at USD 380 million.
20 June 2025
Press Releases

BUSTAMANTE FABARA advised the Retail International division of the Talanx Group in the sale of HDI-Seguros S.A. (formerly Liberty Seguros Ecuador) to Grupo Financiero Atlántida

Quito, Ecuador – June 16, 2025 – BUSTAMANTE FABARA, a leading law firm renowned for its expertise in mergers and acquisitions and highly sophisticated legal work, acted as Ecuadorian legal counsel to the Retail International division of the Talanx Group (HDI) in the sale of HDI-Seguros S.A. (formerly Liberty Seguros Ecuador) to Grupo Financiero Atlántida, a financial conglomerate based in Honduras.
17 June 2025
Press Releases

BUSTAMANTE FABARA advises CMOC Group Ltd. on the acquisition of Lumina Gold Corp. and its flagship mining project Cangrejos, the largest primary gold deposit in Ecuador

Quito, Ecuador – April 24, 2025 – On April 20, 2025, Lumina and CMOC Group Ltd (CMOC) entered into an Arrangement Agreement under which CMOC will acquire all of the issued and outstanding common shares of Lumina Gold Corp., in a transaction valued at approximately USD $427 million, payable in all cash.
25 April 2025
Bustamante Fabara