Market: Peru

Colombia’s Ecopetrol buys majority stake in ISA

Colombia’s largest oil company Ecopetrol has hired Baker McKenzie LLP in Bogotá, Buenos Aires, Santiago and Lima and Trench Rossi Watanabe in São Paulo to acquire a majority stake in Interconexión Eléctrica (ISA) from the Colombian government in a deal worth 14.2 trillion pesos (US$3.7 billion).

26 August 2021

Peru defeats hydro arbitration at ICSID

Six hydroelectric power companies have seen their International Centre for Settlement of Investment Disputes (ICSID) case against Peru dismissed on jurisdiction after a tribunal ruled that they could not combine their claims to meet contractual requirements that disputes must be worth over US$20 million to be heard at the centre.

26 August 2021

UK online payment company Paysafe continues LatAm expansion

Paysafe has enlisted Greenberg Traurig LLP as lead international counsel to make its second acquisition in Latin America in a couple of weeks, buying US counterpart SafetyPay and its operations in the region for US$441 million.

25 August 2021

Brazil’s IG4 acquires stake in Peruvian infrastructure group Aenza

Shearman & Sterling LLP in New York and Washington, DC and Miranda & Amado Abogados in Lima have helped Brazilian infrastructure investor IG4 Capital launch a US$58 million tender offer to acquire a stake in Peruvian infrastructure company Aenza, making it the largest shareholder.

24 August 2021

Chilean car importer completes Chapter 11 restructuring

International noteholders of Chilean car importer Automotores Gildemeister have completed a debt-for-equity takeover of the company through a pre-packaged Chapter 11 plan approved in New York.

20 August 2021

General Atlantic invests in Latin American education platform

US investor General Atlantic has turned to Mexican firm Creel, García-Cuéllar, Aiza & Enríquez, SC and Philippi Prietocarrizosa Ferrero DU & Uría in Bogotá and Lima to inject US$70 million into regional education technology platform Crehana.

19 August 2021

Plastics maker issues Peru’s first global sustainability-linked bond

Peruvian plastic packaging company San Miguel Industrias (SMI) has hired Skadden, Arps, Slate, Meagher & Flom LLP in New York and BBGS Abogados (Peru) to issue sustainability-linked bonds and launch a tender offer, with both transactions worth a total of US$585 million.

16 August 2021

Second Lima metro line on track after double-pronged loan

Garrigues (Peru) has helped Lima Metro Line 2 obtain two financing packages, worth US$961 million in total, to fund the development of a second metro line in the Peruvian capital.

12 August 2021

Peruvian education group issues more social bonds

BBGS Abogados has helped Peruvian education group Innova Schools issue social bonds worth 61 million Peruvian soles (US$15 million), which it used to redeem existing debt.

12 August 2021

British online payment platform buys Peruvian counterpart

UK payment company Paysafe has enlisted Rodrigo, Elías & Medrano Abogados to acquire Peruvian counterpart PagoEfectivo from local media group El Comercio.

10 August 2021

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