Sociedad de Inversiones Tajamar sells 11% stake in Mitta

Cuatrecasas has advised Sociedad de Inversiones Tajamar, Ltda., on selling an 11% stake in Mitta—owner of Chile’s leading car rental and operational fleet leasing company—to Mitsui & Co. This transaction concludes the company’s sale of its controlling interest in Mitta, following a first sale of 49% of the business to Mitsui in 2018.

Cuatrecasas also sought the required approval for the transaction from the National Economic Prosecutor (FNE), the Chilean antitrust authority.

The Santiago de Chile office team advising on this transaction was made up of Roberto Guerrero, Josefina Yávar, Tomás Kubick and Pilar Illanes.