Bustamante Fabara

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.

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.

BUSTAMANTE FABARA is proud to announce the promotion of Gustavo Almeida and Bruno Pesantes to the position of Directors, effective from April 1, 2025.

BUSTAMANTE FABARA acted as lead Ecuadorian counsel to Spanish company, Sagittarius, in its USD $75 million acquisition of Singaporean Orion Energy, which is a significant oil producer with a strong position in the Ecuadorian market.  The transaction granted the buyer control over two oil and gas companies operating Blocks 52 and 54 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.

BUSTAMANTE FABARA highlights the announcement by the Republic of Ecuador today of a new debt-for-nature swap transaction, this time to support the conservation of terrestrial and freshwater ecosystems in the Amazon.

BUSTAMANTE FABARA is thrilled to announce that Xavier Palacios, a highly respected and recognized expert in Constitutional and Public Law,