China Three Gorges’s $568 Million Tender Offer over an Additional 13.6% Stake in Luz del Sur

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera, Berninzon & Benavides and Rodrigo, Elías & Medrano advised on the transaction

Chinese state-owned power company China Three Gorges launch – through Peruvian Opportunity Company S.A.C – a $569 million offer to acquire an additional stake in Luz del Sur.

China Three Gorges is one of the world’s largest energy companies.

Luz Del Sur S.A.A is a privately owned electricity distribution company that serves more than 800 thousand customers in the south-east of Lima. Its concession area is 3.000km2 and provides power to 30 municipalities.

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera advised Yangtze Andes Holding Company, Limited (YAHCL) with Jorge Muñiz Ziches, Sergio Oquendo Heraud, Mercedes Fernández Moscol, Rocío Izquierdo, Alesandra Azcárate and Alessandro Heredia Noriega.

Berninzon & Benavides advised Peruvian Opportunity Company S.A.C. and China Three Gorges with Eduardo Benavides and Kattia Trujillo.

Rodrigo, Elías & Medrano advised Luz del Sur S.A.A. with  Eduardo López Sandoval, Efraín Salazar, Renzo Rossi and María Angélica Meneses.

Involved fees earner: Eduardo Benavides – Berninzon & Benavides ; Kattia Trujillo – Berninzon & Benavides ; Alesandra Azcárate – Muñiz, Olaya, Meléndez, Castro, Ono & Herrera; Mercedes Fernández Moscol – Muñiz, Olaya, Meléndez, Castro, Ono & Herrera; Rocío Izquierdo Flores – Muñiz, Olaya, Meléndez, Castro, Ono & Herrera; Jorge Muñiz Ziches – Muñiz, Olaya, Meléndez, Castro, Ono & Herrera; Sergio Oquendo – Muñiz, Olaya, Meléndez, Castro, Ono & Herrera; Eduardo López – Rodrigo, Elías & Medrano Abogados; María Angélica Meneses – Rodrigo, Elías & Medrano Abogados; Renzo Rossi – Rodrigo, Elías & Medrano Abogados; Efraín Salazar – Rodrigo, Elías & Medrano Abogados;

Law Firms: Berninzon & Benavides ; Muñiz, Olaya, Meléndez, Castro, Ono & Herrera; Rodrigo, Elías & Medrano Abogados;

Clients: China Three Gorges Corporation; China Yangtze Power Company; Luz del Sur S.A.A.;

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