The Corporate, Mergers & Acquisitions, and Tax teams of Galindo, Arias & López advised PETROAUTOS, S.A., authorized distributor of Hyundai in Panama, on the sale of 100% of its shares to SOJITZ CORPORATION, a Japanese conglomerate with global operations across multiple sectors.

This transaction represents a significant step in the consolidation of SOJITZ CORPORATION’s presence in the region’s automotive market. Panama, with a growing market, driven by economic and demographic expansion, stands out as an attractive destination for international investment. PETROAUTOS, S.A., with nine sales locations and a comprehensive operation covering importing, commercialization, and after-sales service, has contributed to Hyundai’s positioning as the third best-selling brand in the country.

The transaction reinforces SOJITZ CORPORATION’s regional strategy, finding in PETROAUTOS, S.A. a well-established local network with high growth potential for integration.

Legal advisors: Diego Herrera and Edgar Herrera (partners), together with Anna Cristina Valdés, Raysa De Gracia, Joaquín Sosa, and Guillermo Chalhoub (associates).