International Finance Corporation’s Subscription of Preferred Shares in Colombia

Hunton Andrews Kurth represented IFC on the deal.

The International Finance Corporation (“IFC”) closed a $10 million subscription of preferred shares of Vatia S.A. E.S.P., a utility company (empresa de servicios públicos) in Colombia (the “Company”). The proceeds of the subscription will be used by the Company to expand its renewable assets and other operations in Colombia. 

The US-based firm of Hunton Andrews Kurth LLP advised IFC as international counsel in connection with the structuring and negotiation of the key investment documents. Colombian legal advice to IFC was provided by PPU Abogados and Dentons Cardenas & Cardenas served as Colombian counsel to the Company.

The Hunton Andrews Kurth team included: Alejandro Silva (Picture) and Yasmina Hammoumi Santaella.

IFC In-house Counsels: Anne Marie Lauschus

Involved fees earner: Yasmina Hammoumi Santaella – Hunton Andrews Kurth LLP; Alejandro Silva – Hunton Andrews Kurth LLP;

Law Firms: Hunton Andrews Kurth LLP;

Clients: International Finance Corporation;

Martina Bellini

Author: Martina Bellini