DP World Limited (DIFX:DPW) entered into an agreement to acquire Cosmos Agencia Marítima S.A.C. from Andino Investment Holding S.A.A. (BVL:AIHC1) for approximately $320 million on March 18, 2018. The acquisition also includes certain real estate assets used for business operations from Andino Investment Holding S.A.A and inversions Santa Orietta S.A.C. The transaction is subject to compliance with certain precedent conditions including approval by the general shareholders' meeting and regulatory approvals. The transaction is expected to close in the first half of 2018.

Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to DP World. BofA Merrill Lynch International Limited acted as financial advisor to Andino Investment Holding S.A. Citigroup Inc. (NYSE:C) acted as financial advisor for DP World Limited. Jaime Mercado, Juan Naveira, Karen McClendon, Josefa Rodriguez, Rob Holo, Sarah Katz and Ellen Frye of Simpson Thacher & Bartlett LLP acted as legal advisors to Andino Investment.

Juan José Cárdenas, Camilo Maruy, Ricardo Cárdenas, Víctor Valdez, Andrea Rieckhof and Fernando Rodríguez of Rebaza, Alcázar & De Las Casas acted as legal advisors to DP World.