Morgan & Morgan advised Balboa Bank & Trust, Corp., as arranger in the public offering of 25,000 Preferred Stocks by Latin American Kraft Investment Inc. (“LAKI”), a multinational company with important presence in Central and North America, and a leader in the packaging industry. In such public offering Morgan & Morgan also advised Balboa Securities Corp., an affiliate of Balboa Bank & Trust Corp., which acted as placement agent in the primary market. LAKI registered the US$25,000,000 issuance with the Superintendency of Capital Markets of Panama and listed the securities with the Panama Stock Exchange. This is the first public offering of securities by LAKI in the Republic of Panama.
Partner Francisco Arias and associates Ricardo Arias and Pablo Epifanio, participated in this transaction.