Clifford Chance

Clifford Chance advised Banco Santander on a financing granted to Portren

Clifford Chance advised, together with Guyer & Regules as Uruguayan counsel, Banco Santander, S.A. on a EUR 81.337.656 CESCE covered financing and a EUR 15.491.358 commercial financing granted to Portren, S.A., Uruguayan subsidiary of Cointer Concesiones, S.L. and Christophersen, S.A.

The financing was granted in the context of an Uruguayan law governed long term railway services agreement entered into by Portren, S.A. and Blanvira, S.A., Uruguayan subsidiary of UPM-Kymmene Corporation.

The Clifford Chance core team consisted of Madrid Banking & Finance lawyers Antonio Sánchez-Cirujano, Juan Puras, María Vispo and partner José Guardo. The core team was supported by members of the Litigation (Ignacio Díaz) and Tax (Roberto Grau) team.