Market: Colombia

Colombian firms brace for first left-wing government

As the Andean nation inaugurates Gustavo Petro as its first-ever leftist president, Colombian law firms are preparing for radical changes in the energy sector, as well as tax reform and an increased focus on climate change and ESG.

08 August 2022

Colombia's FDN gets US$238 million credit line

The Washington, DC office of Clifford Chance LLP has helped Colombian development bank Financiera de Desarrollo Nacional (FDN) obtain a 1 trillion pesos (US$238 million) loan from BBVA.

05 August 2022

Spanish company consolidates water assets in Colombia

Garrigues (Colombia) has helped Spanish water company Aqualia acquire the Colombian subsidiary of French counterpart Saur, including six concessions for water production and distribution.

04 August 2022

PPU and Gómez-Pinzón in Colombian power sale

Grupo Energía Bogotá (GEB) has hired Philippi Prietocarrizosa Ferrero DU & Uría (Colombia) to buy power transmission company Elecnorte from UK investment group Ashmore.

27 July 2022

Avianca JV accused of breaching merger condition

Colombia’s competition enforcer has launched an investigation into whether the country’s largest airline and a local travel agency breached a merger condition after the authority conditionally approved their joint venture in 2018.

25 July 2022

Ceramics group raises funds to refinance debt in Mexico

Several firms have helped Mexico’s Grupo Lamosa obtain US$197 million through two separate loan and securities transactions, the proceeds of which it will use to repay existing debt.

21 July 2022

Bogotá buses drive home financing 

Two offices of Clifford Chance LLP and Philippi Prietocarrizosa Ferrero DU & Uría (Colombia) have helped French and Colombian development banks lend US$130 million to the Bogotá bus system TransMilenio for the acquisition of an electric bus fleet.

20 July 2022

Miner drops arbitration claim against Colombia

London-listed mining group Anglo American has withdrawn an International Centre for Settlement of Investment Disputes (ICSID) claim against Colombia over the blocked expansion of a coal mine after selling its stake in the project to Glencore, which is still pursuing its own treaty case.

19 July 2022

Cross-border pharma loan calls on Colombian and Mexican advice

Latin American pharmaceutical company Acon-Vitalis has hired DLA Piper LLP in Bogotá and Mexico City to obtain a US$50 million credit line.

18 July 2022

Gómez-Pinzón structures environmental project donation

A group of organisations, including the World Wildlife Fund (WWF), has relied on Gómez-Pinzón to donate US$245 million for the protection of Colombia’s diverse natural environment.

15 July 2022

Get unlimited access to all Latin Lawyer content