Laboratorios Eticos is a recognized pharmaceutical company in Paraguay. Founded in Argentina, Chemo has developed into a reknown international pharmaceutical company that is now headquartered in Spain. The transaction involves the acquisition by Chemo of a 50% Equity Stake in Laboratorios Eticos (Paraguay) so as to form a strategic joint-venture. Alpax acted as exclusive financial advisor to the Shareholders of Laboratorios Eticos.