Light at the end of the tunnel

When Canada's Brookfield Asset Management closed its acquisition of Colombian state-owned energy company Isagen, the country's largest public sell-off in more than a decade set an important precedent for the constitutionality of privatisations in Colombia. Emilio Demetriou-Jones talks to the Colombian firms who led the sale

Light at the end of the tunnel iStock.com/sharynos

Isagen is much loved in the city of Medellín, which lies slightly south of the vast Antioquia department in north-western Colombia. Since it was established in 1995, the company has grown to provide 16% of Colombia's electricity needs, not to mention scores of workers with stable employment and access to social programmes. So when rumours started circulating in 2015 that the Colombian government was planning to privatise Isagen, thousands of Colombians took to the streets to protest against a sale they described as a "betrayal" and which they claimed would lead to soaring energy prices.

Events

Events

Latin Lawyer 12th Annual Charity Awards Ceremony

Insight

Reference

Sy83a16n1gvzfafpg07v

Construction 2017

Chile

Alfonso Reymond Larraín and Rodrigo Riquelme Yanez

Reymond & Cía

Brazil

Fernando Marcondes, Ricardo Medina Salla, Marlon Shigueru Ushiro Ieiri, Adriana Regina Sarra de Deus and Juliana Yumi Shiina Morato

LO Baptista

All Reference

Guides

Ogmha8wxmyjxj2opobts

The Guide to Infrastructure and Energy Investment

How to Build Up a Region: Development Banks and Multilateral Financing

Thomas Hechl and Vanessa Pinto Villa

Hogan Lovells LLP

The Role of Project Finance in Developing a Region: Trends and Considerations

Andrés Arnaldos Montaner , Daniel D Bartfeld , Jaime E Ramirez and Roland Estevez

Milbank, Tweed, Hadley & McCloy LLP
All Guides