Mexico City, Mexico, July 22, 2024.
Basham, Ringe, y Correa advised Sumitomo Corporation (“Sumitomo”) in Mexico, in coordination with Claro & Cia in Chile, in the transaction with Nativa Investment to complete the acquisition of the remaining 49% of Bio Insumos Nativa SpA, a biotechnology company created in 2002, dedicated to the development, production, and commercialization of organic agricultural inputs.
Subsequently, the Mexican subsidiary Bio Insumos Nativa México, S.A.P.I. de C.V. (“BIN Mexico”) conducted a due diligence and corporate restructuring process to complete Sumitomo’s full ownership of BIN Mexico and its operation in Mexico.
Through this transaction, Sumitomo, a Japanese integrated marketing and services company, continues consolidating its portfolio of biological products for sustainable agriculture in Mexico. Bio Insumos Nativa SpA has developed this through its subsidiary, BIN Mexico.
“At Basham, Ringe y Correa, we are pleased to advise companies like Sumitomo in operations that promote sustainable agriculture in Mexico. These developments represent a significant step towards greener and more efficient practices in the country,” said Juan José López Silanes, partner at Basham, Ringe y Correa.
Some advisors involved in this transaction are:
Advisors of Summit Agro South America SpA:
Claro & Cía.: Partner Ariel Mihovilovic. Advosors Isabella Mac-Auliffe y Patricio Smart. Lawyers Nicolás Aspillaga, Bastián Cabrera, Joaquín Calderón y Bryan Kernitsky.
Advisors of Bio Insumos Nativa México, S.A.P.I. de C.V.
Basham, Ringe y Correa, S.C.: Partner Juan José López de Silanes. Associate: Diego Miguel Ramiro Estrada.
