BLP advised Bekaert, a global leader in the steel wire transformation and coating technologies market, on the sale of its stake in the Costa Rican subsidiary BIA Alambres Costa Rica S.A. to Grupo AG, a regional leader in steel production and construction solutions with operations in Guatemala and Honduras and presence in eleven countries through its distribution network.
The transaction is part of Bekaert’s sale of its Steel Wire Solutions businesses in Costa Rica, Ecuador and Venezuela to Grupo AG. The sale will further strengthen Bekaert and support its commitment to shareholder returns and investment plans for growth.
BLP conducted a vendor’s due diligence and assisted its client during the buyer’s own due diligence process, advised on the transaction structure, and reviewed the purchase agreement, which was signed by the parties on February 27, 2025. The transaction is expected to close in the third quarter of 2025, subject to the corresponding regulatory approvals and customary closing conditions.
The project was led by Partner Adriana Castro, along with Director Elia Naranjo.
The team was supported by Luis Palacios (Environmental and Regulatory), Adriana Acuña and Elena Foltran (Corporate/M&A), León Weinstok (IP and Data Privacy), and Alexandra Aguilar and Catalina Conejo (Labor and Employment).
Our team in this transaction:
https://blplegal.com/wp-content/uploads/2025/03/WEB-_Adriana-Castro.png
Adriana Castro
Partner
Costa Rica
E-mail
https://blplegal.com/wp-content/uploads/2025/03/WEB-_Elia-Naranjo.png
Elia Naranjo
Director
Costa Rica
E-mail
https://blplegal.com/wp-content/uploads/2024/06/FOTO-Art-Ley-de-Aguas-Luis-Palacios.png
Luis Palacios
Director
Costa Rica
E-mail
https://blplegal.com/wp-content/uploads/2024/05/Adriana-Acuna.png
Adriana Acuña
Director
Costa Rica
E-mail
https://blplegal.com/wp-content/uploads/2024/06/Articulo-RTBF-CR-2024_Elena-Foltran.png
Elena Foltrán
Associate
Costa Rica
E-mail
https://blplegal.com/wp-content/uploads/2024/05/Leon-Weinstok.png
León Weinstok
Director
Costa Rica
E-mail
https://blplegal.com/wp-content/uploads/2024/05/Alexandra-Aguilar.png
Alexandra Aguilar
Director
Costa Rica
E-mail
https://blplegal.com/wp-content/uploads/2025/03/WEB-_Catalina-Conejo-.png
Catalina Conejo
Associate
Costa Rica
E-mail
