Milbank LLP advised The Bank of Nova Scotia, Export Development Canada, Sumitomo Mitsui Banking Corporation and Itaú Corpbanca Colombia S.A., as lenders, in the financing of the acquisition by Brookfield (pursuant to a public tender offer) for a majority interest in Gas Natural S.A. E.S.P. (Colombia), which owns and operates Gas Natural Fenosa’s gas distribution and retail supply assets in Colombia.
Gas Natural S.A., E.S.P. ("GAN") is a publicly traded entity engaged in the natural gas distribution and commercialization business.
The Milbank team was led by Global Project, Energy and Infrastructure Finance partner Roland Estevez with associates Jeff Leider, Séverine Losembe and Clara Robledo-Sanchez.
Mr. Estevez said: “We are pleased to have represented the Lenders in such an important acquisition for Brookfield and continue our strong presence in Colombia.”
