Panama City, May 2026 — Quijano & Associates advised Alta Fermentación, a leading craft beverage group with operations in Colombia, Panama, and Ecuador, on the acquisition of a 49% minority stake by Kofola Group, one of Central Europe’s leading beverage producers.

In Panama, the group operates Cervecería La Rana Dorada, one of the country’s most recognized craft breweries, and Pedro Mandinga, a premium rum distillery.

Quijano & Associates’ legal advice covered the Panamanian aspects of the transaction, including corporate structuring, shareholder arrangements, and coordination with counsel across multiple jurisdictions.

The Quijano & Associates team was led by Oliver Muñoz Esquivel (Partner), supported by Luis Miguel Rojer (Senior Associate).

Picture: Kofola Group