PPU on call as Celsia taps market, raises stake in EPSA
Philippi Prietocarrizosa Ferrero DU & Uría advised Celsia on a $517 million public offering. Half of the money raised will be used to increase Celsia´s stake in Empresa de Energía del Pacífico (EPSA).
EPSA is an electricity producer and distributor in the areas of Valle, Cauca, and Tolima in Colombia. Celsia is an energy company with operations in Colombia and Central America.
The acquisition of the EPSA shares was made by simultaneous tender offer, with Celsia increasing its stake up to an additional 11 per cent.
Partner Claudia Barrero led the PPU team advising Celsia on both operations.
Earlier this year, Celsia issued a $300 million corporate bond in Panama.
