Astara consolidates its presence in Latin America by acquiring a majority stake in Ovando

Cuatrecasas has advised international mobility company Astara on buying a majority stake in Ovando S.A., a Bolivian company with a long history and track record in the automotive sector in that country.

Astara offers a wide portfolio of products and services that are transforming the automotive sector and has a presence in Europe, Asia and Latin America. With this transaction, the company consolidates its presence in the Latin American market. It is already present in Argentina, Colombia, Chile and Peru, and now it adds Bolivia.

The team advising on the transaction was made up of Cuatrecasas lawyers Alfonso Reina and Carolina Trejos, who led the transaction and worked together with Astara’s local counsel in Bolivia, Indacochea & Asociados.