Enagás Internacional’s Acquisition of Graña y Montero’s 21% interest in Tecgas Inc. y en Compañía Operadora de Gas del Amazonas S.A.C.


Bird & Bird, Linklaters, DLA Pizarro Botto Escobar, DLA Piper, Sullivan & Cromwell and Payet, Rey, Cauvi, Pérez have advised on the transaction

Graña y Montero S.A.A completed the sale to Enagás the the 21% of Tecgas, the current strategic operator of Transportadora de Gas del Perú (TgP) that also owns 100% stake of Compañía Operadora de Gas del Amazonas (COGA). The company has also finalized the transfer of the remaining 30% interest in the companies to the Canada Pension Plan Investment Board. As a result of the transactions, Enagás has acquired the majority stake in the Companies and Canada Pension Plan Investment Board has acquired 49% Interest.

Graña y Montero S.A.A is a Peruvian Group comprised of 25 companies of Engineering and Infrastructure with presence in 7 Latin American countries and has over 47,000 employees.

Enagás operates in Peru since March 2014, when it closed the acquisition of 22.38% of TgP from Hunt and Repsol. Then, Enagás also reached an agreement to sell 2.38% of TgP to CPPIB and acquire 30% of COGA

Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries.

In Spain, Bird & Bird has advised Enagás S.L.U. with Hermenegildo Altozano, Alejandro Ruíz-Gallardón and Emilio Martínez.

Linklaters LLP has advised Enagás with Conrado Tenaglia (Picture), Lara Hemzaoui, Matthew Poulter, Douglas Tween and Caitlin Potratz.

DLA Pizarro Botto Escobar has advised Graña y Montero S.A.A. with Luis Vargas, Janilú Badiola and Roberto Berendson.

DLA Piper has advised Graña y Montero S.A.A. with Francisco J. Cerezo, Nikos Buxedas and Louis Ramos.

Sullivan & Cromwell LLP has advised Canada Pension Plan Investment Board with Werner F. Ahlers, David C. Spitzer,s Miguel F. Oría, Joaquín Pérez Alati and Daniel J. Bleiberg.

Payet, Rey, Cauvi, Pérez has advised CPPIB with José Cúneo and Carla Sinchi.

Involved fees earner: José Cúneo Galdós – Payet, Rey, Cauvi, Pérez, Mur; Carla Sinchi – Payet, Rey, Cauvi, Pérez, Mur; Luis Vargas – Pizarro, Botto & Escobar – DLA Piper; Janilú Badiola – Pizarro, Botto & Escobar – DLA Piper; Werner Ahlers – Sullivan & Cromwell; Joaquin Perez Alati – Sullivan & Cromwell; David Spitzer – Sullivan & Cromwell; Daniel J. Bleiberg – Sullivan & Cromwell; Miguel Oría – Sullivan & Cromwell; Hermenegildo Altozano – Bird & Bird; Alejandro Ruiz-Gallardón – Bird & Bird; Emilio Martínez – Bird & Bird; Conrado Tenaglia – Linklaters; Lara Hemzaoui – Linklaters; Matthew Poulter – Linklaters; Douglas Tween – Linklaters; Caitlin Potratz – Linklaters; Francisco Cerezo – DLA Piper; Nikos Buxeda – DLA Piper; Louis Ramos – DLA Piper;

Law Firms: Payet, Rey, Cauvi, Pérez, Mur; Pizarro, Botto & Escobar – DLA Piper; Sullivan & Cromwell; Bird & Bird; Linklaters; DLA Piper;

Clients: Canada Pension Plan Investment Board; Graña y Montero; Enagas SA;