Mercuria Energy Trading S.A.S. finalized the acquisition of Andes Energia PLC


Philippi, Prietocarrizosa, Ferrero DU & Uría advised Mercuria in securing Authorization from Superintendencia de Industria y Comercio (Colombia) for the acquisition of Andes Energia Plc

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Mercuria and Andes Energia Partner on Argentina E&P to Create Phoenix Global Resources

10.08.2017

Mercuria Energy Group Limited (“Mercuria EG”) and Andes Energia PLC (“Andes”) today announced the creation of Phoenix Global Resources plc (“Phoenix” AIM: PGR; BCBA: PGR) from the combination with Petrolera El Trébol S.A. (“PETSA”). Phoenix, the independent exploration and production company with a balanced portfolio of assets in both Argentina and Colombia, has been admitted to trading on AIM of the London Stock Exchange.

Andes previously announced the conditional combination with Trefoil Holdings, the holding company that indirectly owns over 99.99% of PETSA. PETSA is the operating company for oil and gas exploration and production business of Mercuria EG in South America.

In Colombia, Philippi Prietocarrizosa Ferrero DU & Uría advised Mercuria Energy Trading S.A.S. with Diego Cardona Baquero (Picture) Hernando A. Padilla Gómez and Lina Méndez Rubiano.

Involved fees earner: Diego Cardona Baquero – Philippi Prietocarrizosa Ferrero DU & Uría; Hernando Padilla – Philippi Prietocarrizosa Ferrero DU & Uría; Hernando Padilla – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: Mercuria Energy Trading S.A.;

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Author: Ambrogio Visconti.