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Panama, December 19, 2025. Morgan & Morgan acted as legal counsel to Inversiones Cuscatlán Centroamérica, S.A. in connection with the execution of a promissory share purchase agreement, entered into by and between Grupo Cibest, S.A., as seller, and Inversiones Cuscatlán Centroamérica, S.A., as purchaser, for one hundred percent (100%) of the issued and outstanding shares of Banistmo, S.A., a Panamanian corporation operating under a General Banking License since August 1, 2004, providing financial services to both corporate entities and individuals.
Banistmo, S.A. is one of the leading private banks in Panama in terms of deposits and credit volume.
The transaction includes the indirect acquisition of certain subsidiaries of Banistmo, S.A., among which are: (i) Banistmo Investment Corporation, S.A., a Panamanian corporation operating under a Trust License; and (ii) Leasing Banistmo, S.A., a Panamanian corporation operating as a financial lessor.
Inversiones Cuscatlán Centroamérica, S.A. is a leading financial group in Central America, originally founded in Honduras. The company recently acquired Banco La Hipotecaria in Panama, and through this transaction aims to expand its operations in Panama, strengthen its market position, and enhance its regional financial services offering.
The consummation of this transaction is subject to the relevant regulatory approvals and other conditions precedent.
The legal team was led by partners Roberto Vidal and Ana Carolina Castillo, together with partner Sophia Lee; senior associate Allen Candanedo; and associates Eduardo Oteiza and Katia Pallares.