Work Area: Energy

Syndicated Term Facility executed locally by M&M Bomchil and Bruchou, Fernández Madero

The final US$25 million was lent to Central Termoeléctrica on September 21, with the yen equivalent of US$70 million having been lent to Central Costanera two months earlier.

17 September 2000

Bidding round opened for development of Venezuelan gas

Last September 7, the Venezuelan Ministry of Energy and Mines and Petroleos de Venezuela SA (Pdvsa: a wholly owned subsidiary of the Venezuelan government) opened a set of bidding rounds for the granting of of licensing rights to private investors interested in the development of free gas reserves in 11 areas of eastern and central Venezuela.

07 September 2000

Davis Polk advises leading Latin American private sector electric utility company

Santiago-based Enersis SA retained the law firm in connection with its September 5, 2000 offering to its shareholders of up to US$1 billion in newly issued ordinary shares.

05 September 2000

Repsol YPF retains Severgnini, Robiola, Grinberg & Larrechea

The Spanish oil and gas company retained the Buenos Aires-based law firm in its global exchange offer with Argentine energy firm Astra Companía Argentina de Petroleo SA that concluded on August 30, 2000.

30 August 2000

Gouvea Vieira law firm retained by leading international electrical company

On 24 August, 2000 it was announced that Spain's Endesa had successfully completed its tender offer of Brazilian distribution company Companhia de Electricidade do Rio do Janeiro (CERJ)

24 August 2000

Petrobras in largest ever Brazilian oil and gas financing deal

On June 20 the signing of the US$3.2 billion limited recourse project financing of the Barracuda and Caratinga Project by Petróleo Brasileiro SA was announced.

20 June 2000

AES takes control of CA La Electricidad de Caracas (EDC)

The unsolicited cross-border acquisition by Virginia-based AES Corporation was finally settled in mid-June, after a battle lasting nearly two months.

15 June 2000

Republic of Ecuador defeats US$965 million lawsuit

On 11 April it was announced that a US$965 million lawsuit brought by an American electric power company doing business in Ecuador against the Republic of Ecuador was rejected by a U.S. Federal Court in Washington, D.C. on 31 March.

11 April 2000

Utilities close record roll over of foreign debt

In April, Light-Serviços de Eletricidade SA and Eletropaulo Metropolitana Eletricidade de São Paulo SA successfully completed what is believed to be the largest rollover of foreign debt in Brazil since the outbreak of the Russian financial crisis in 1998.

01 April 2000

Skadden and Claro y Cía advise AES in Chile's first hostile takeover

On January 2, 2001 AES, the US-based power company, announced the completion of its acquisition of 96.4 per cent of Gener SA, Chile's second-largest electricity producer with assets in Argentina, Peru and Colombia.

02 January 2000

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