In the News

Latin Lawyer: Haynes and Boone Advises AT&T in Mexican Exchange Offer

As part of América Móvil’s bid to buy up outstanding shares in Telmex, Haynes & Boone LLP has assisted US telecoms company AT&T International in selling off its stock in the Mexican fixed line telecoms company for some US$1.1 billion. >>

Haynes and Boone Advises AT&T in $1.1 Billion Mexican Exchange Offer

DALLAS – Haynes and Boone, LLP has successfully assisted AT&T International, Inc. in an exchange offer launched by America Móvil, S.A.B. de C.V. to acquire the capital stock of Teléfonos de México, S.A.B. de C.V. (Telmex) it does not already directly or indirectly own.

AT&T tendered its share participation in Telmex in a transaction valued at about US$1.1 billion. The public offer was launched Oct. 11 on the Mexican and New York stock exchanges and closed Nov. 11. >>

Haynes and Boone Advises AT&T in $1.6 Billion Mexican Exchange Offer

DALLAS – Haynes and Boone, LLP has successfully assisted AT&T International, Inc. in an exchange offer launched by America Movil, S.A.B. de C.V. to acquire Telmex Internacional, S.A.B. de C.V. AT&T tendered its share participation in Telmex International for America Movil’s shares in a transaction valued at about US$1.6 billion. >>

Haynes and Boone Assists Bank of America in $2.5 Billion Sale of Minority Interest in Mexico

MEXICO CITY – Haynes and Boone, LLP has successfully assisted Bank of America in the sale of its 24.9 percent stake in Grupo Financiero Santander, S.A.B. de C.V., the Mexican subsidiary of Banco Santander SA, back to the Madrid-based bank for $2.5 billion.

Haynes and Boone participated in the cash sale as Mexican counsel for Bank of America. Mexico City-based Partner Antonio Franck served as the lead attorney on the transaction with assistance from Associate Armando Cuevas.

Originally purchased in 2003, Bank of America sold its stake in the Mexican unit for $900 million more than it paid. The deal marks the lender’s fourth major asset sale this year. >>



Recent Publications

Latin American Law & Business Report Guest Article: Mexico's New Public-Private Partnership Act

In December 2011 the Mexican Congress finally approved a new piece of legislation called the Public-Private Partnership Act (“Ley de Asociaciones Público Privadas”). >>

The Mysteries of Powers of Attorney in Mexico

This presentation provides an overview of the role of powers of attorneys in Mexico. >>



Armando Cuevas Brun

Associate

Dallas


2323 Victory Avenue
Suite 700
Dallas, Texas 75219
T +1 214.651.5040
F +1 214.200.0632

Areas of Practice

Education

  • Law Degree, Universidad Panamericana, 2008, cum laude

Bar Admissions

  • Mexico

Languages

  • Spanish
  • English
Armando Cuevas Brun

Armando Cuevas is an associate in the International Practice Group in the Dallas office of Haynes and Boone. He works on cross-border matters between the United States and Mexico, including investments, corporate finance, secured transactions, aviation, and franchising. He also deals with Mexican domestic matters focusing his practice in finance, banking, mergers and acquisitions, financial restructurings, strategic associations, and anti-trust.

Selected Client Representations

  • Assisted Bank of America in its 2010 sale of a 24.9 percent equity stake in Grupo Financiero Santander Serfin to Grupo Financiero Santander for US$2.5 billion dollars.
  • Assisted AT&T International, Inc. in an exchange offer launched by America Movil, S.A.B. de C.V. to acquire Telmex Internacional, S.A.B. de C.V. in a transaction valued at about US$1.6 billion.
  • Assistance in the sale of Shell's downstream businesses, including supply, distribution and marketing businesses, in Nicaragua, Guatemala and Honduras.
  • Assisted in the corporate and stock ownership restructuring of Farmacias del Ahorro.
  • Assisted laboratories Landsteiner Scientific, S.A. de C.V. in the investment of Sinca Inbursa, S.A. de C.V.
  • Representation of a private company in the structuring and negotiations of a public-private project in Chiapas, Tuxtla Gutierrez for the construction of a processing plant of African palm oil and drafted corporate related documents.
  • Assistance in the representation of a Canadian bank in international financing, including lending to, and obtaining security interests in, Mexican companies.
  • Implemented corporate governance rules for Mexican companies.

Memberships

  • Mexican Bar Association

Selected Representative Experience


Nefab Acquisition of PDS Global
Represented Nefab Companies, Inc. in the $2.4 million acquisition by its Mexican affiliate (and its Swedish parent - 1 share) of PDS Global Packaging, S.A.de C.V., a Mexican industrial packaging company.

$1.6 Billion Mexican Exchange Offer
Haynes and Boone, LLP successfully assisted AT&T International, Inc. in an exchange offer launched by America Movil, S.A.B. de C.V. to acquire Telmex Internacional, S.A.B. de C.V.

Sale of Minority Interest - Stock in Mexican Bank
As Mexican counsel, advised Bank of America on the sale of its 24.9% ownership in Grupo Financiero Santander, S.A.B. de C.V. for $2.5 billion.

Divestitures
Represented Royal Dutch Shell in the sale of its downstream businesses in Honduras, Guatemala, Nicaragua, El Salvador, Panama and Costa Rica, as well as the sale of two joint venture interests.

Online Publications

01/30/2012 - Latin American Law & Business Report Guest Article: Mexico's New Public-Private Partnership Act
In December 2011 the Mexican Congress finally approved a new piece of legislation called the Public-Private Partnership Act (“Ley de Asociaciones Público Privadas”).

11/15/2011 - The Mysteries of Powers of Attorney in Mexico
This presentation provides an overview of the role of powers of attorneys in Mexico.