Proventus Advises General Motors on share buyback in Ecuador

Proventus is proud to have served as the exclusive financial advisor to General Motors (GM) in its recent share buyback program. This program, targeting minority shareholders of its assembly subsidiaries in Ecuador,  was part of a strategic restructuring designed to optimize GM’s operations in the country.

The primary objective of the buyback was to simplify the ownership structure of GM’s subsidiaries in Ecuador, providing liquidity to minority shareholders who have been part of a successful collaboration for over 50 years.

This initiative is part of GM’s broader effort to review and adjust its assembly operations in the region, consolidating its presence in the Ecuadorian market.

During this process, Proventus provided its expertise in corporate restructuring and the management of complex transactions, along with its deep knowledge of the automotive market. This advisory support was critical to ensuring the buyback was executed efficiently and aligned with GM’s strategic objectives in Ecuador.

General Motors remains committed to Ecuador, reaffirming its leadership position in the automotive market through its Chevrolet dealership and service networks.

In this regard, Roberto Anker, founding partner of Proventus, stated: “We are proud to have supported GM during this crucial moment, providing our expertise to local institutional and private investors in this buyback transaction.”