Grupo Luz y Fuerza Colombia’s $57 Million Acquisition of 3 Cementos Argos electricity power plants

Gómez-Pinzón and Posse Herrera Ruiz advised on the deal

Grupo Luz y Fuerza Colombia S.A.S. finalized the acquisition of 3 Cementos Argos generation power plants ubicated in Antioquia, Sogomaso and Bogotá. The transaction has a total aggregated value of$ 57.5 Million.

Luz y Fuerza engages in the distribution and commercialization of electricity.

Cementos Argos S.A. produces and markets cement, ready-mix concrete, and aggregates in Colombia, the Caribbean, Central America, and the United States. It is also involved in cement and petro exploitation, property administration, transportation, and maritime transportation activities.

Gómez-Pinzón advised Grupo Luz y Fuerza Colombia S.A.S. with Patricia Arrázola-Bustillo (Picture), José Luis Palacios and Andrés Felipe Consuegra.

Posse Herrera Ruiz advised Cementos Argos with Jaime Herrera, Jaime Cubillos, Andrés Montoya, Juliana Castaño, Hernán Panesso, José Francisco González, Mariana Sánchez and Juliana Zúñiga.

Involved fees earner: Jaime Herrera – Posse Herrera Ruiz; Jaime Cubillos – Posse Herrera Ruiz; Juliana Castaño – Posse Herrera Ruiz; Andrés Montoya – Posse Herrera Ruiz; José Francisco González – Posse Herrera Ruiz; Hernán Panesso – Posse Herrera Ruiz; Mariana Sánchez – Posse Herrera Ruiz; Patricia Arrázola-Bustillo – Gómez-Pinzón Zuleta Abogados; José Luis Palacios – Gómez-Pinzón Zuleta Abogados;

Law Firms: Posse Herrera Ruiz; Gómez-Pinzón Zuleta Abogados;

Clients: Cementos Argos SA; Grupo Luz y Fuerza Colombia S.A.S.;

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Author: Ambrogio Visconti.