EIG and Fluxys. Acquisition of 80% equity stake in GNLQ
1. Deal Description
Guerrero Olivos advised EIG Global Energy Partners, leading institutional investor to the global energy and infrastructure sectors, and Fluxys, a leading energy infrastructure company, on a consortium, to acquire 80% equity stake in GNL Quintero S.A. (“GNLQ”), one of the largest liquefied natural gas regasification terminals in Chile. Our team also assisted EIG in its interest in the consortium. Sellers were Enagas and Omers.
This is a very relevant transaction due that our clients acquired a relevant equity stake in the local company that operates the largest liquified natural gas in Chile, supplying all the central zone in Chile. Also, GNLQ is a key energy infrastructure business supporting Chile’s decarbonization strategy.
2. Counsel list
Counsel to EIG and Fluxys: Guerrero Olivos
Core team:
Partners: Sebastian Abogabir, Pedro Pellegrini, and César Gálvez
Senior associates: Benjamín Novoa, Francisca Pellegrini, and Juan José García
Associate: Andrea Olea
Team:
Partners: Alejandro Chechilnitzky and Felipe Frühling
Associates: Alejandra Leiton, Tomás Rosemary, Roberto Burgos, Tomás Garnham, Juan Luis Vial, Gabriela Eskenazi, Joaquín Merino, Sergio Yávar, Rosario Díaz, Diego Morandé, y Catalina Melgarejo.
Other counsels:
International counsel to EIG and Fluxys: White & Case
Counsels to the Sellers: Milbank and Carey
Counsel to Omers: Baker Mackenzie
Counsel to BNP: Claro y Cía
3. Date of closing
28/03/2022
4. Deal Value
USD1,500,000
5. Jurisdictions involved
Chile and USA