ContourGlobal’s $801 Million Acquisition of two Alpek co-generation plants in Mexico


Mijares, Angoitia, Cortés y Fuentes advised Alpek, S.A.B. de C.V. on the deal

Alpek executed the sale of two co-generation plants in Mexico to ContourGlobal for $801 million.

Alpek SAB de CV is a holding company with interests in the petrochemical, plastics, and synthetic fiber industries. The Company, led by Jose De Jesus Valdez Simancas, Jose Carlos Pons De La Garza and Gustavo Talancon Gomez produces polyester fila- ment, nylon, lycra, caprolactam ammonium sulphate, polypropylene, DMT/PTA, glycol, solvents, polystyrene, and urethanes. In 2018 recorded $7.02 billion revenues.

The two plants are located in Cosoleacaque, Veracruz, and the in Altamira, Tamaulipas state.

ContourGlobal PLC operates as power generation company. The Company, led by Joseph C Brandt, Quinto Di Ferdinando and Stefan Schellinger owns, manages, and generates electricity through wind, solar, and hydro power plants. ContourGlobal serves customers worldwide.

Mijares, Angoitia, Cortés y Fuentes advised with a team including Ricardo Maldonado Yañez (Picture), Patrick Meshoulam, Carlos Orcí, Federico Del Rio, Fernando Ruíz Barrenechea, Jaime Ostos, Paula Pérez, Carlos Emiliano Ahumada Gurza and Santiago Graf Phillips

Involved fees earner: Carlos Emiliano Ahumada Gurza – Mijares, Angoitia, Cortés y Fuentes, S.C.; Federico Andrés del Río Abundis – Mijares, Angoitia, Cortés y Fuentes, S.C.; Santiago Graf Phillips – Mijares, Angoitia, Cortés y Fuentes, S.C.; Ricardo Maldonado-Yáñez – Mijares, Angoitia, Cortés y Fuentes, S.C.; Patrick Meshoulam Águila – Mijares, Angoitia, Cortés y Fuentes, S.C.; Carlos Orcí Berea – Mijares, Angoitia, Cortés y Fuentes, S.C.; Jaime Ostos Rincón Gallardo – Mijares, Angoitia, Cortés y Fuentes, S.C.; Paula Pérez Benítez – Mijares, Angoitia, Cortés y Fuentes, S.C.; Fernando Ruíz Berrenechea – Mijares, Angoitia, Cortés y Fuentes, S.C.;

Law Firms: Mijares, Angoitia, Cortés y Fuentes, S.C.;

Clients: Alpek SAB de C.V.;

Author: Ambrogio Visconti.