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06 Apr 2026

Arcor and Danone form major Argentine dairy joint venture; Marval O'Farrell Mairal and Bruchou & Funes de Rioja advise

"Argentine firms advised on a strategic joint venture between Arcor and Danone to create a major player in Argentina’s dairy market. The deal involves acquiring controlling interests in Mastellone Hermanos and combining Arcor’s and Danone’s existing stakes in Mastellone Hermanos and Danone Argentina, joining brands such as La Serenísima and Ser. Bruchou & Funes de Rioja acted as external legal counsel to Arcor (team led by partner Mariano Luchetti). Marval O'Farrell Mairal advised Danone (partners Bárbara Ramperti and María Laura Bolatti Cristofaro), supported by Danone’s in‑house M&A team; F&G Finance & Management (Patricio Rotman and Alberto Lagos Mármol) served as Danone’s financial adviser."

Firms and who they advised: Marval O'Farrell Mairal and Danone’s internal M&A legal team advised Danone, F&G Finance & Management acted as financial advisor to Danone, and Bruchou & Funes de Rioja acted as external legal counsel to Arcor. Transaction summary: The parties created a strategic joint venture between Arcor and Danone to build a major player in Argentina’s dairy market; the deal includes acquisition of controlling interests in Mastellone Hermanos and the contribution of the existing shareholdings of Arcor and Danone in Mastellone Hermanos and Danone Argentina, bringing together brands such as La Serenísima and Ser. Lawyers who participated (with seniority and practice area where stated): - Marval O'Farrell Mairal (legal advisor to Danone) - Bárbara Ramperti — partner, M&A practice - María Laura Bolatti Cristofaro — partner, M&A practice - Agustina María Giordano — associate - Martina Pagani — associate - Support also provided by the firm’s Litigation team, Competition Defense team, and Banking and Finance team (individuals not named). - Danone (internal advisors) - Daniela Dalton — lead of Danone’s internal M&A team - Antoine Belzanne — participant in Danone’s internal M&A team - Other members of Danone’s internal M&A legal team (not individually named). - F&G Finance & Management (financial advisor to Danone) - Patricio Rotman — team lead - Alberto Lagos Mármol — team lead - Other team members (not individually named). - Bruchou & Funes de Rioja (external legal counsel to Arcor) - Mariano Luchetti — partner, led the team - María Gulias — senior associate - Delfina Nécol — associate (M&A) - Santiago Cleti García — associate (M&A) - Agustina Lanús de la Serna — associate (M&A) - Pablo Muir — partner (Tax) - Florencia Angélico — partner (support role) - Alejandro Perelsztein — partner (Banking) - Martín Beretervide — partner (Litigation) - Milagros Marini — associate (Corporate)
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