Posse Herrera Ruiz acted as local counsel to Grupo Energía Bogotá (“GEB”) in the due diligence and merger process of (I) Emgesa, (II) Codensa, (III) EGP Colombia and (IV) ESSA 2, resulting in the creation of Enel Colombia because of the merger.
GEB, as shareholder of Emgesa and Codensa, ensures its participation in a more robust company, with a higher value and greater growth potential. The merger represents to GEB an additional equity value of approximately COP 5.5 trillion in renewable asset and estimated profits reaching COP 2.67 billion in the next four years.
- Stake: 42,515 %
- Value: USD 9 billion
- Closing date: March 1st, 2022
- Cross-border matter: Chile, Colombia, Costa Rica, Guatemala and Panama
Legal Advisors
Counsel to Enel
Andres Caldas and Alberto Duque.
EXTERNAL COUSELS
Garrigues
| Leading Partners | Ignacio Londoño |
| Other Lawyers | Laura Galeano |
Counsel to GEB
Nestor Fagua, Liliana Pérez, Paula Torres, Jorge Escobar, Beatriz Rivera.
EXTERNAL COUNSELS
Colombia
POSSE HERRERA RUIZ
| Leading Partners | Jaime Herrera |
| Óscar Tutasaura | |
| Other Lawyers | Juan Guillermo Ruíz, Jaime Enrique Gómez and Susana Gómez |
Panama
Arias, Fabrega & Fabrega
| Leading Partners | Estif Aparicio |
| Other Lawyers | Andrés Rubinoff, Donald Canavaggio, Nicolás Ramos |
Costa Rica & Guatemala
BLP Legal
| Leading Partners | Neftalí Garro, Adriana Castro, Rodolfo Salazar |
| Other Lawyers | Diego Quirós, Gabriel Bran, Julio Castellanos, Rubén Fuentes |
Chile
Claro & Cía. Abogados
| Leading Partners | Jorge Martín |
| Other Lawyers | Josefina Covarrubias, Marcelo Estay |
