AEI – Promigas S.A. E.S.P and Gas Natural de Lima y Callao S.A
The firm advised AEI in the structuring and negotiation of the agreement that allowed this company to sale 52,13% and 60% outstanding stock of Promigas S.A., E.S.P. (Colombian Company), and Gas Natural de Lima y Callao S.A. (“Calidda”) (Peruvian Company), respectively, to Corporación Financiera de Colombia S.A., Fondo de Capital Privado Corredores Capital I, Fondo de Capital Privado por Compartimentos CP-Val and Empresa de Energía de Bogotá S.A., E.S.P.
Promigas S.A., E.S.P., and Calidda are listed in the Colombian and Peru Stock Exchange, respectively. The total value of this transaction was approximately at USD$ 901 million dollars. The closing date for this transaction was February 2011.
Primeport S.A.S and Almagrán S.A., - Sociedad Portuaria Regional de Cartagena S.A. and Cartagena II S.A.
The Firm advised Primeport S.A.S and Almagran S.A., in the structuring and negotiation of the sale of the usufruct and the bare ownership of 3.03% of Sociedad Portuaria Regional de Cartagena S.A. and Cartagena II S.A.'s outstanding stock. The closing date for the sale of 80% of the outstanding stock above mentioned was December 2010 and the closing date for the sale of 20% of the outstanding stock left, was February 2011.
AEI – Sociedad de Inversiones en Energía S.A.
The firm advised AEI in the structuring and negotiation of the agreement that allowed this company to sale indirectly 52.66% of Sociedad de Inversiones en Energía S.A.'s outstanding stock, a company listed in the Colombian Stock Exchange that controls Organización Terpel S.A. and Gazel S.A, two leading companies in the Colombian natural gas and retail fuel markets, to Copec, a Chilean Company. The total value of this transaction was approximately at USD$ 265 million dollars. The closing date for this transaction was December 2010.
Banco Pichincha C.A., Banco Pichincha Panamá, Diners Club del Ecuador – American International Group CFG
We advised Banco Pichincha C.A., Banco Pichincha Panamá and Diners Club del Ecuador in the structuring and negotiation of the sale of 99.98% of Inversora Pichincha S.A.'s outstanding stock and 100% of its bonds, as well as 100% of Interdinco's outstanding stock, to two branch companies of the American International Group Consumer Finance Group. This was one of the most important transactions in the financial sector for the year 2008.
Toro Family - (Almacenes Éxito S.A.)
Our firm was hired by the founding family of Almacenes Éxito and other related stockholders in order to structure legally and financially the sale of 24.52% of the company's outstanding shares. Such commission included the selection of an investment banking firm that would appraise the company and help seek for potential buyers, task that was held by the investment banking firm Athelera LLC (NY). In the search for potential buyers, we arrived to an agreement with Cencosud (Chile), subject to the condition that other stockholders and subscribers of the Stockholder's Agreement that our clients made part of would not make use of the right of first offer contemplated in it. This right was exercised by Casino (France), who resulted knocker of the stock sold through the martillo that took place in the Colombian Stock Exchange in 2007 for US$318 million dollars approx.
Intercontinental Exploration Resources Inc.
The firm counseled Intercontinental Exploration Resources in the negotiation and sale of the mining concession granted by Ingeominas for the exploration, exploitation and commercialization of coal in an area of 1.600 Has and 2.000 m2 in Cesar (Colombia) to Coalcorp International (Canada). The firm structured the deal under an option to purchase executed in 2007 for US$125 million dollars.
Enron Corp. – Prisma Energy International Inc. – Ashmore Energy International Ltd.
We counseled the transaction through which Enron Corp. agreed the sale of Prisma Energy International Inc. to Ashmore Energy International for US$2.2 billion dollars. We worked as advisors in all legal aspects of the investments in Colombia involved in the operation for Enron Corp. and particularly in the investment in 42,9% of Promigas. This operation took place in 2006.
