Mitsui’s Acquisition of a Majority Share in Mitta SpA

Carey advised Mitsui & Co. on the transaction.
Cuatrecasas advised Sociedad de Inversiones Tajamar Limitada on the sale.

Mitsui & Co., Ltd. executed the acquisition of a majority share (60%) in Inversiones Mitta SpA, which owns Autorentas del Pacifico SpA, Chile’s largest fleet management operating company. This is based on a contract signed with our strategic partner in Chile, Sociedad de Inversiones Tajamar Limitada.

Mitta owns approximately 19,000 vehicles in Chile and operates a fleet management business focused on automotive operating lease business (BtoB), which boasts a large share particularly in the mining and energy sectors in Chile, and also on automotive rental business (BtoB and BtoC). In May 2018, Mitsui acquired a 49% share in Mitta to expand its fleet management services to customers. One of the initiatives to that effect includes the application of digital platform solutions, such as the introduction of a connected fleet, together with partner.

Carey advised Mitsui & Co. with Claudio Lizana, María José Villalón and Oscar Lizana. 

Cuatrecasas advised Sociedad de Inversiones Tajamar Limitada with Roberto Guerrero Valenzuela, Tomás Kubick, Josefina Yávar C., José Agüero, María del Pilar Illanes and Yael Schwartsstein.

Involved fees earner: Claudio Lizana – Carey; Oscar Lizana – Carey; María José Villalón – Carey; Roberto Guerrero – Cuatrecasas; María del Pilar Illanes Donoso – Cuatrecasas; Tomás Kubick – Cuatrecasas; Josefina Yávar – Cuatrecasas;

Law Firms: Carey; Cuatrecasas;

Clients: Mitsui & Co. Ltd; Sociedad de Inversiones Tajamar Limitada;

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Author: Ambrogio Visconti