The Puerto Antioquia Project is the fulfilment of a long-held dream by the Antioquia Department and Colombia of having a top-of-the-line multipurpose port in the Urabá gulf. The benefits of this project for the region and the country will be far reaching during its construction and operation. The Project consists of a multipurpose port terminal located in Bahía Colombia, within the municipality of Turbo, in the region of Urabá, Colombia. The multipurpose terminal will be dedicated to containers, general cargo, bulk and roro for a 30-year period pursuant to the concession agreement entered into by and between Puerto Bahía Colombia de Urabá S.A., a Colombian port company (sociedad portuaria) and Agencia Nacional de Infraestructura.
Posse Herrera Ruiz acted as Colombian legal counsel to Agrícola Santamaría S.A.S., CMA-CGM S.A., C.I. Tropical S.A.S., C.I. Unión de Bananeros de Urabá S.A., Eiffage S.A., Pio S.A.S. Puertos Inversiones y Obras S.A.S., Sociedad de Comercialización Internacional Banafrut S.A. and Termotecnica Coindustrial S.A.S., as sponsors, in the closing for the senior loan disbursement by Inter-American Investment Corporation, Inter-American Development Bank, China Co-Financing Fund for Latin America and the Caribbean, Banco de Comercio Exterior de Colombia S.A. Banco Davivienda S.A. and Financiera de Desarrollo Nacional S.A. and the mezzanine loan disbursement by Global Infrastructure Partners pursuant to which the sponsors will develop the Puerto Antioquia Project.
Posse Herrera Ruiz also acted as Colombian legal counsel to Agrícola Santamaría S.A.S., CMA-CGM S.A., C.I. Tropical S.A.S., C.I. Unión de Bananeros de Urabá S.A., Eiffage S.A., Pio S.A.S. Puertos Inversiones y Obras S.A.S., Sociedad de Comercialización Internacional Banafrut S.A. and Termotecnica Coindustrial S.A.S., in the transactions leading to the effective initial investment in the Puerto Antioquia project pursuant to a previously announced investment agreement involving, among other actions, the entry as shareholders in the Puerto Antioquia project and the execution of the relevant shareholders’ agreement.
The sponsors’ initial investment is estimated at USD 149 million, the senior loan at USD 393,7 million and the mezzanine loan at USD 130 million.
- Value: USD 672 Million
- Announcement date: Monday, October 04, 2021
- Closing date: Wednesday, April 13, 2022
- Cross-border matter: Colombia, United States, France and Perú
Legal Advisors
Counsel to SPONSORS13
Posse Herrera Ruiz
| Leading Partner(s) |
Gabriel Sánchez and Mariana Posse |
| Other Lawyers |
Jesús Albarrán, Alejandro González, Susana Gómez, Lucero Gómez and Alejandro Fernández |
Herbert Smith Freehills
| Leading Partner(s) |
Michaël Armandou and Edward Dougherty |
| Other Lawyers |
Lina Velez, Pauline Verrier, Greoffroy Postel and Sebastian Rodríguez |
In-house counsel to Puerto Antioquia Holding S.A.S.
| Lawyers |
David Escobar and Emilia Arango |
Counsel to AGRíCOLA SANTAMARíA s.a.s. and C.I. Unión de bananeros s.a.
Gomez-Pinzon Abogados
| Leading Partner(s) |
Adriana Moreno |
| Other Lawyers |
Juan Pablo Caicedo, Catalina Prieto, Paola Valderrama, Isabela Hoyos and Andrés Eduardo Gómez |
In-house lawyers of C.I. UNIÓN DE BANANEROS S.A.
Counsel to C.I. Tropical S.A.S. and Sociedad de Comercialización Internacional Banafrut S.A.
UH Abogados
| Leading Partner(s) |
Carlos Henao |
| Other Lawyers |
|
Counsel to CMA-CGM S.A.
Willkie Farr & Gallagher
| Leading Partner(s) |
Anette Perón |
| Other Lawyers |
Marion Bellemin and Liza Scemama |
In-house lawyers
| Lawyers |
Thierry Lemaire and Manon Marichez |
Counsel to eiffage s.a.
Gide Loyrette Nouel
| Leading Partner(s) |
Alexis Pailleret |
| Other Lawyers |
Marie Bouvet and Chloé Bouhours |
Counsel to Infraestructura Y Energía Upi S.A.C.
Baker McKenzie
| Leading Partner(s) |
Ricardo Trejos |
| Other Lawyers |
Sebastian Boada, Nathalia Cardoso and Fernando Sam |
Counsel to pio s.a.s., Puertos inversiones y obras s.a.s.
Dentons Cardenas y Cardenas
| Leading Partner(s) |
Pablo Jaramillo |
| Other Lawyers |
Laura Streubel and Ana Maria Barrios |
Counsel to termotecnica coindustrial s.a.s
In-house lawyers
Counsel to Infraestructura Y Energía Upi S.A.C.
In-house lawyers
Financial advisors
Astris Finance
| Leading Partner(s) |
Romain Papassian and Santiago Pardo |
| Other Associate |
Joaquin Fernandez |
Counsel to senior lenders
Cuatrecasas (Bogotá)
| Leading Partner(s) |
Manuel Quinche and Juan Carlos Puentes |
| Other Lawyers |
Natalia Arango, Andrés Herrera, Angie Gómez, Sofia Esguerra y Gabriela Forero |
Clifford Chance
| Socio(s) Lider(es) |
Lori Bean and Alberto Haito |
| Otros Abogados |
Julian Vallejo and Joyce Moore |
Counsel to Citibank
Alston & Bird
| Leading Partner(s) |
Bradley Johnson |
| Other Lawyers |
Daniel Jouppi |
Brigard & Urrutia
| Leading Partner(s) |
Carlos Urrutia |
| Other Lawyers |
Santiago Jaramillo |
