IPO of Grupo Andino

  • Majority shareholder of the Peruvian multinational Andino Investment Holding, debuts on the Euronext Access+ with a capitalization of US$ 66 million

Andino Inversiones Global (Andino Global) has been admitted to the Paris stock exchange, Euronext Access+, after a process in which it has been advised by the Spanish law firm Thomás de Carranza Abogados.

Andino Global, majority shareholder of the Peruvian group specializing in logistics Andino Investment Holding, has made its debut on the Paris stock exchange with a capitalization of 66 million euros.

Andino Global currently owns more than 70% of the outstanding shares of the Peruvian multinational Andino Investment Holding, a leading company operating in several Latin American countries, mainly in Peru, Mexico and Colombia.

With more than 2,000 employees, the company specializes in airport services and infrastructure, maritime services, port services, logistics, finance and logistics real estate. Founded in Peru and with more than 50 years of experience, Andino Investment Holding is listed on the Lima Stock Exchange.

The coordination of the IPO process was led by Armanext, the first Spanish listing sponsor authorized by Euronext. The advice of Thomás de Carranza Abogados has been led by the lawyers Santiago Thomás de Carranza, Cristina Simón, Iñigo Sánchez del Campo and Cristina Oriol Ruiz Gallardón.

Santiago Thomás de Carranza and Cristina Simón, partners of the Firm, will become secretary and vice-secretary of the Board of Directors of Andino Global, respectively.

For Santiago Thomás de Carranza, this operation “is another milestone in the international growth of the Andean Group and marks the path to follow for all those companies that see Spain as a gateway to the expansion of their business in Europe”.

For his part, the executive director of Andino Global, Carlos VargasThe company’s entry into Euronext “is part of our objective to diversify and expand into new markets in Latin America and Europe. Listing in Paris provides us with excellent opportunities to increase our visibility in the financial community, attract new international investors and support our growth strategy.

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