Cuatrecasas assists Macquarie Infrastructure Partners in the purchase of Gasoducto de Morelos in Mexico
Cuatrecasas has advised has advised Macquarie Infrastructure Partners on the acquisition of 100% of the shares of Gasoducto de Morelos and Morelos O&M
Cuatrecasas, through its Mexico City office, has assisted Macquarie Infrastructure Partners in the acquisition from Elecnor and Enagás of 100% of the shares of the Mexican companies Gasoducto de Morelos, S.A.P.I. de C.V. and Morelos O&M, S.A.P.I. de C.V., owners and operators of a 172 km gas pipeline located in the states of Morelos, Puebla and Tlaxcala.
The acquisition of both companies was executed by MIP V International, a wholly owned subsidiary of the Macquarie Infrastructure Partners fund, which is managed by Macquarie. The transaction is worth EUR 154.2 million (USD 173.8 million) and is subject to the fulfilment of conditions precedent typical of this type of transaction.
Phase I of the project starts in Cuautla (Morelos) and ends in Huejotzingo (Puebla), reaching a length of 123 kilometres. Phase II has a length of 48 kilometres, from an interconnection located in Huejotzingo to Tlaxcala to interconnect with the Zempoala (Santa Ana) pipeline.
Cuatrecasas’ team included partners Santiago Ferrer (pictured left), León López Iglesias (pictured top right) and Marco Antonio de la Peña (pictured bottom right), senior associate Carolina Pérez Rendón, associates Rafael Rodríguez Curiel and Fernando Ruiz Barrenechea, among others.
