DLA Piper advises Banorte in providing US$51 million financing to Mota-Engil México for Metrorrey Project construction

DLA Piper México represented Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte (Banorte), the second largest bank in Mexico, in a US$51 million loan granted to Mota-Engil, Mota-Engil México, S.A.P.I. de C.V. (Mota-Engil), the Mexican subsidiary of Portuguese infrastructure and construction company, for the construction and operation of the Metrorrey Project.

Banorte provided financing to Mota Engil México to recover already incurred construction costs and to finance current and future construction costs related to the construction and operation of the new lines 4, 5 and 6 of the City of Monterrey subway.

The Mexico City-based DLA Piper team included partners Diego Martinez and Roberto Rios Artigas and associates Daniel Kuribreña Rosillo, Iker González-Luna, Mariana de María y Campos and Rodrigo de la Peña.

DLA Piper in Latin America’s Team offers full-service business legal counsel to domestic and multinational companies with interests in and operations throughout the region. Our integrated approach to serving clients combines local knowledge with the resources of the DLA Piper global platform. With over 400 lawyers practicing throughout Argentina, Brazil, Chile, Mexico, Peru, and Puerto Rico, in addition to our US-based cross-border attorneys, our teams frequently work with our professionals throughout the LatAm region, Iberian Peninsula, and around the globe. DLA Piper’s global platform of 90+ offices in more than 40 countries enables us to serve all our clients’ legal and business needs, whether they are based in Latin America or wish to do business there.