Haynes and Boone Advises Shell in Sale of Central American Downstream Businesses

11/13/2009

Haynes and Boone, LLP announces completion of the sale of Shell's downstream businesses, including supply, distribution and marketing businesses, in Nicaragua, Guatemala and Honduras to affiliates of the Central American conglomerate, Grupo Terra. The purchase price for the combined transactions, which closed Oct. 30, was not disclosed.

Shell also signed an agreement with an affiliate of Grupo Terra for the sale of Shell's downstream businesses in El Salvador. That sale is subject to regulatory approval.

“A major series of cross-border transactions like this would not have been possible without a diverse Haynes and Boone team of Spanish-speaking U.S. and civil law attorneys, and extraordinary coordination between Shell’s in-house legal team, our firm and local counsel at Consortium – Central America,” said the project team leader, Houston Partner Ricardo Garcia-Moreno. “It has taken 10 months of intense activity to bring these deals to fruition. I couldn’t be prouder of our team’s performance or the outcome.”

Haynes and Boone team members included Dallas partners Alberto de la Pena and Larry Pascal, Houston associates Karim Shehadeh and Jennifer Brand, Dallas associate Manuel Diaz, Mexico City associates Maria Emilia Miquel Verges, Gabriela Salazar Torres, Armando Cuevas and Mario Bours, and Mexico City foreign associate Patricia Mastropierro.

Haynes and Boone, LLP is an international corporate law firm with offices in Texas, New York, California, Washington, D.C., Mexico City and Moscow, providing a full spectrum of legal services. With more than 500 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal. The firm has been recognized as one of the "Best Corporate Law Firms in America" (Corporate Board Member Magazine, 2001-2009), as one of "The Best 20 Law Firms to Work For" (Vault.com, 2009), and as a Top 100 law firm for both diversity (MultiCultural Law Magazine, 2009) and women (Women 3.0, 2008).

Media Contacts

Nathan Koppel
Director of Media Relations
+1 512.867.8431
nathan.koppel@haynesboone.com
Linda Campbell
Communications Manager
+1 214.651.5362
linda.campbell@haynesboone.com

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