Borealis Infrastructure’s Acquisition of a 34.6% interest in GNL Quintero SA

Philippi, Prietocarrizosa, Ferrero DU & Uría, CMS Carey & Allende, Milbank and Claro y Cia. have advised on the deal.

Borealis Infrastructure, the infrastructure investment manager of OMERS, is pleased to announce that it has signed an agreement to acquire a 34.6% stake in GNL Quintero S.A., (GNLQ). Remaining shareholders include Enagás, one of the largest builders and operators of regasification plants and pipeline systems in the world and Empresa Nacional del Petróleo (ENAP), the Chilean state owned energy company. As part of the transaction, OMERS has agreed to grant Enagás a 12 month call option for 5% of its shares.

Located 160 km northwest of Santiago, Chile, GNLQ is the southern hemisphere’s first land-based terminal dedicated to the receiving, unloading, storage and regasification of up to 15 million cubic meters / day of liquefied natural gas (LNG). GNLQ is focused on providing clean, efficient and safe energy to markets, which include residential and industrial users, power generators, and the transportation sector. It has been repeatedly recognized for its achievements in terms of corporate citizenship, sustainability and high risk prevention standards.

Philippi, Prietocarrizosa, Ferrero DU & Uría has advised Empresa Nacional del Petróleo de Chile ENAP with Andrés Sanfuentes, Rafael Jiménez and Sebastián Barros.

CMS Carey & Allende has advised Enagás Chile with Jorge Allende Destuet, Diego García, Diego Rodríguez, Cristobal Groetaers, Germán Vargas, Ricardo Celedón, Tomás Polette and Sebastián Márquez de la Plata.

Milbank, Tweed, Hadley & McCloy has advised Borealis and OMERS Infrastructures Holdings II SpA with Dean Sattler (Picture), Kevin Begley, Gabrielle DiBernardi and Hannah Hwang.

Claro y Cia has advised Borealis and OMERS Infrastructures Holdings II SpA with Matías de Marchena, Patricio Smart and Roberto Carrillo.

 

Involved fees earner: Jorge Allende D. – Carey & Allende – CMS; Diego Rodríguez – Carey & Allende – CMS; Ricardo Celedón – Carey & Allende – CMS; Tomás Polette – Carey & Allende – CMS; Sebastián Márquez de la Plata – Carey & Allende – CMS; Diego García – Carey & Allende – CMS; Cristóbal Groetaers – Carey & Allende – CMS; Germán Vargas – Carey & Allende – CMS; Andrés Sanfuentes Astaburuaga – Philippi Prietocarrizosa Ferrero DU & Uría; Rafael Jiménez – Philippi Prietocarrizosa Ferrero DU & Uría; Sebastián Barros Eyzaguirre – Philippi Prietocarrizosa Ferrero DU & Uría; Dean Sattler – Milbank; Kevin Begley – Milbank; Gabrielle DiBernardi – Milbank; Hannah Hwang – Milbank; Matías de Marchena – Claro y Cia; Patricio Smart – Claro y Cia; Roberto Carrillo – Claro y Cia;

Law Firms: Carey & Allende – CMS; Philippi Prietocarrizosa Ferrero DU & Uría; Milbank; Claro y Cia;

Clients: Borealis Infrastructure Management Inc.; Enagas Chile S.p.A.; Empresa Nacional del Petróleo – ENAP; OMERS Administration Corp.;

 

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Author: Ambrogio Visconti.