Cuatrecasas advises Bancolombia in alliance with Celsia

Cuatrecasas has counselled Bancolombia on its strategic alliance with Celsia S.A. for the creation of an investment platform

 Cuatrecasas, through its team in Bogotá, has advised Bancolombia Investment Banking on the closing of an agreement with Celsia S.A. E.S.P., Grupo Argos’ energy company, through which they have forged a strategic alliance for the creation of an investment platform focused on the development of solar generation and energy efficiency projects for companies.

With this agreement, Bancolombia advances its goal of promoting the construction and development of more sustainable cities in Colombia. Likewise, the launch of the platform allows it to take a step forward in its goal of granting this year a minimum of $41.2 billion in financing aimed at caring for the environment and improving the quality of life in Colombia. In this way, the Bancolombia Group is making progress in its business while maintaining its corporate strategy in line with the United Nations Sustainable Development Goals.

Cuatrecasas’ team was composed of partners Manuel Quinche (pictured top left) and Juan Felipe Vera (pictured top right), senior associates Fabio Ardila (pictured bottom left) and Pablo Martínez (pictured bottom right), as well as intern José Manuel Castillo.