Brookfield Infrastructure’s $1.3 Billion Sale of Chilean Regulated Transmission Business

Santander GCB and Scotiabank are serving as financial advisers to Brookfield Infrastructure while Goodmans LLP, Herbert Smith Freehills and Carey are providing legal advice. Linklaters and Guerrero Olivos advised China Southern Power Grid International Co., Ltd.

Brookfield Infrastructure (NYSE:BIP) (TSX:BIP.UN) has signed definitive agreements to sell its approximate 27.8% interest in ETC Transmission Holdings, S.L., the parent company of Transelec S.A. (“Transelec”), to China Southern Power Grid International (HK) Co., Ltd. for US$1.3 billion.

China Southern Power Grid Co., Ltd invests in, constructs and operates power networks in Guangdong, Guangxi, Yunnan, Guizhou, and Hainan provinces in the People’s Republic of China. The company, led by Zhi’an Cao, Sun Xiaoyi, Wang Liangyou, Xi Qiang He and Zheng Jiang Shi, is based in Guangzhou.

Brookfield Infrastructure Partners LP owns and operates infrastructure assets. The company, led by Derek G Pannell, Samuel J B Pollock and Bahir Manios, in 2016 recorded $2.115 billion revenues.

Linklaters advised China Southern Power Grid International Co., Ltd. with Alberto Luzárraga, Gilbert Li, Nathan Santamaria, Johanna Leung, Henry Makeham, Timothy Leschke and Gary Tsang.

In Chile, Guerrero Olivos advised China Southern Power Grid International Co., Ltd. with Roberto Guerrero (Picture) and Macarena Ravinet.

In Canada, Goodmans advised Brookfield Asset Management with Lawrence Chernin, Sheldon Freeman, Michelle Vigod and David Lederman.

In Spain, Herbert Smith Freehills advised Brookfield Asset Management with Ignacio Paz and Andrés Alfonso.

In Chile, Carey advised Brookfield Asset Management with Salvador Valdés, Manuel José Garcés, Arturo Poblete and Raimundo Honorato.

 

Involved fees earner: Salvador Valdés – Carey; Arturo Poblete – Carey; Raimundo Honorato – Carey; Manuel José Garcés – Carey; Roberto Guerrero – Guerrero Olivos; Macarena Ravinet – Guerrero Olivos; Ignacio Paz – Herbert Smith Freehills; Andrés Alfonso – Herbert Smith Freehills; Lawrence Chernin – Goodmans; Sheldon Freeman – Goodmans; Michelle Vigod – Goodmans; David Lederman – Goodmans; Alberto Luzarraga – Linklaters; Gilbert Li – Linklaters; Johanna Leung – Linklaters; Henry Makeham – Linklaters; Gary Tsang – Linklaters; Nathan Santamaria – Linklaters; Timothy Leschke – Linklaters;

Law Firms: Carey; Guerrero Olivos; Herbert Smith Freehills; Goodmans; Linklaters;

Clients: China Southern Power Grid; Brookfield Infrastructure Partners LP;

 

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Author: Ambrogio Visconti.