Alcogal acted as legal counsel to Scotiabank, as arranger, and to a syndicate of 14 banks, in a USD 350 million syndicated loan granted to Naturgy Panama. The transaction supports the operations and strategic initiatives of a key player in the country’s electricity distribution sector.
Alcogal advised Renewable Energy Systems, Ltd. (RES), the world’s largest independent renewable energy provider, on the strategic acquisition of the renewable services division of Grupo Ingeteam. This transaction, which spanned jurisdictions in Panama, Spain, Brazil and Mexico, positions RES as the leading global provider of renewable energy services, consolidating more than EUR 35 billion in …
We Advised Renewable Energy Systems on Strategic Acquisition Read More »
Alcogal advised AES Colón Holdings, a subsidiary of AES Corporation, in the sale of a 20% stake in the AES Colón project to Grupo Linda, for USD 190 million. The AES Colón project, which includes a 381 MW combined cycle plant and an LNG regasification terminal, is critical to Panama’s clean energy supply. Grupo Linda seeks …
We Represented AES Colón Holdings in Sale of Stake to Grupo Linda Read More »
Alcogal represented Celsia Centroamérica, a subsidiary of Grupo Celsia, in leading the sale of its energy assets to Fontus Spain, a subsidiary of EnfraGen, for USD 194 million. The agreement included the transfer of the Dos Mares hydroelectric complex (118 MW), the Divisa (9.8 MW) and Celsolar (9.7 MW) solar plants in Panama, and the …
Alcogal Represents Grupo Celsia in Sale of Energy Assets Read More »
Alcogal recently represented Gas Natural Atlantico, S. de R.L. and Costa Norte LNG Terminal S. de R.L., as borrowers, in an approximately USD600 million financing for the construction and development of an LNG (liquefied natural gas) power block and LNG terminal in Panama, which will be located in the province of Colon. Partner Arturo Gerbaud, …
The Energy and Natural Resources department at Aleman, Cordero, Galindo & Lee advised Colombian company Celsia S.A., E.S.P (Purchaser) , as local counsel, in the acquisition of 51% of the issued and outstanding shares of Bahia Las Minas, the largest thermic power generator in Panama, as well as the acquisition of 100% of the issued …
Alcogal advises Celsia in successful acquisition of GDF Suez assets Read More »
Aleman, Cordero, Galindo & Lee, through the joint effort of its Telecommunications and Corporate / M&A teams, advised Cable & Wireless Panama, S.A., a subsidiary of Cable & Wireless Communications, Plc (CWC), in the acquisition of 12 corporations within Grupo Sonitel for USD41,280,000. The deal, which was announced in August 2014, included the acquisition of …