August 14, 2014
Celsia SA, Colombia’s fourth-largest power producer, agrees to buy stakes in seven power plants in Panama and Costa Rica from GDF Suez.
On August 13, it was announced that Willkie client Celsia SA, Colombia’s fourth-largest power producer, has agreed to buy stakes in seven power plants in Panama and Costa Rica from GDF Suez in a deal valued at $840 million. The company will buy hydroelectric and thermal plants in Panama and a wind plant in Costa Rica. The deal is expected to add 535 megawatts of generating capacity, boosting the company’s total by 30 percent. The transaction marks the company’s first international expansion. Celsia (previously Compañía Colombiana de Inversiones S.A. E.S.P.) specializes in the generation and distribution of electric energy. Based in Courbevoie, France, GDF Suez operates atomic reactors, pipelines and offshore gas platforms.
The deal was handled by a multidisciplinary Willkie team including partners Maria-Leticia Ossa Daza, Thomas Cerabino, Jeffrey Goldfarb, Christopher Peters and Jordan Messinger; of counsel William Thomas and associates Julian Golay, Carlos Barnard, Pablo Richards and Adam Keith.
