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News Jul 20, 2016

Shearman & Sterling Advises on the Public Secondary Offering of Common Stock of Cencosud S.A. by Inversiones Tano Limitada

Shearman & Sterling represented J.P. Morgan Securities LLC as underwriter in connection with the public secondary offering of common stock of Cencosud S.A. by selling shareholder Inversiones Tano Limitada. The shares of common stock were allocated in the United States and elsewhere outside of Chile in the form of American Depositary Shares and in Chile in the form of common stock.  The gross proceeds to the selling shareholder were US$40,097,078.13 (before underwriter commissions and expenses).

The following Shearman & Sterling team advised the underwriter in the transaction: partner Stuart Fleischmann (New York-Capital Markets), counsel Grissel Mercado (New York-Capital Markets), associate Erica Kassman (New York- Corporate), and international associate Lili Abascal (New York-Capital Markets). Other Shearman & Sterling lawyers involved in the transaction were partner Russell Sacks (New York-Financial Institutions Advisory & Financial Regulatory) counsel Jennifer Morton (New York-Financial Institutions Advisory & Financial Regulatory) and associate Jenny Ding (New York-Financial Institutions Advisory & Financial Regulatory) and associates Jeffrey Tate (Washington, DC-Tax) and Michael Daly (Washington, DC-Tax).