Cuatrecasas, Gonçalves Pereira SLP

01/11/2021 | Press release | Distributed by Public on 01/11/2021 06:43

Cuatrecasas advises Compañía General de Electricidad on selling its assets in Argentina to Naturgy

Cuatrecasas advised Compañía General de Electricidad (CGE) on selling its assets in Argentina to Naturgy Inversiones Internacionales for $22 million. The assets comprise its shareholding in the companies CGE Argentina, Agua Negra and Gascart.

The transaction was closed on January 4, 2021, and, since there were related parties, had to meet strict corporate governance requirements, including a shareholders meeting at CGE to approve the sale.

The Cuatrecasas advisory team from its Santiago de Chile office for this transaction was made up of partners Roberto Guerrero and Tomás Kubick. An in-house legal team from CGE made up of Rafael Salas, CLO, and Paula Romero, counsel, also participated.