Milbank represented the lenders in the financing by Ecopetrol of its acquisition of a 51.4% stake in Interconexión Eléctrica (ISA) from the Ministry of Finance and Public Credit of Colombia for the Colombian Peso equivalent of US$3.67 billion.
The Milbank team was led by Global Project, Energy and Infrastructure Finance partner Jaime E. Ramirez with support from associate Nicolas Ocampo.
Mr. Ramirez noted, “We are honored to have supported the lenders and Ecopetrol on this financing. This transaction continues to demonstrate the high levels of activity in the Latin American acquisition market, and we are pleased to have contributed to such an important transaction in Colombia.”
Milbank continues to have the lead legal role in many of the most significant Latin American power, energy and infrastructure matters and regularly advises clients on a wide range of development, financing and acquisition matters. The firm was recently recognized as “Global Legal Adviser of the Year” and “Latin America International Legal Adviser of the Year” by IJGlobal and “Latin America Legal Advisor of the Year” by Proximo.
