Morgan & Morgan

Morgan & Morgan

507.265.7777
Email: [email protected]

Morgan & Morgan
MMG Tower, 23rd Floor Ave. Paseo del Mar, Costa del Este Panama City Rep. of Panama

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507.265.7777 | [email protected]
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Friday, 07 January 2022 / Published in expertise, Francisco Arias, Maria Eugenia Crespo, Mergers & Acquisitios, Roberto Vidal

Morgan & Morgan Legal advised in the reacquisition and purchase of the majority stake of Supermercados Xtra, S.A.

Panama, January 7, 2022. Morgan & Morgan Legal acted as legal counsel of Supermercados Xtra, S.A. (“XTRA”) and Grupo Harari, in the reacquisition by XTRA and the purchase by Grupo Harari of the shares owned by Souq Investments LP, equivalent to 53% of the issued and outstanding shares of XTRA, resulting in Grupo Harari becoming the sole shareholder of XTRA

XTRA is a large retail store operator with more than 30 years serving locally and is listed in the Panama Stock Exchange,

Partners Francisco Arias and Roberto Vidal and associate Maria Eugenia Crespo, participated in this transaction.

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