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| U | Universitario de Sucre | - | San José | 2:0 (0:0) | ||
| R | San José | - | Universitario de Sucre | 1:0 (1:0) | ||
| U: 12.12.2011 00:00 | R: 14.12.2011 21:00 | Winnaars: Universitario de Sucre | ||||
| U | The Strongest | - | Oriente Petrolero | 5:3 (1:2) | ||
| R | Oriente Petrolero | - | The Strongest | 1:0 (1:0) | ||
| U: 12.12.2011 22:00 | R: 15.12.2011 01:30 | Winnaars: The Strongest | ||||
