Carey
Isidora Goyenechea 2800, las Condes Piso 42 755-0647 Santiago, Chile
Tel:(+56 2)29282200, Fax:(+56 2)29282200, E-mail: carey@carey.cl
Latin Lawyer

State Power Investment Corporation buys Pacific Hydro

8 January, 2016 by Vincent Manancourt

China’s State Power Investment Corporation has hired Philippi Prietocarrizosa & Uría (Chile), the Beijing office of Uría Menéndez, Brazil’s Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and King & Wood Mallesons in Hong Kong for its US$2.2 billion acquisition of Australian renewable energy company Pacific Hydro, which has assets in Brazil and Chile.

The current owner of Pacific Hydro, IFM Investors, called on the Australian office of Herbert Smith Freehills LLP, Veirano Advogados in Brazil and Chile’s Carey for the transaction. The parties agreed to the sale on 16 December.

Last year China announced it would invest US$250 billion in Latin America over the next decade, and recent deals involving clients from the People’s Republic have involved huge sums. Just last August, state-owned China Three Gorges bought two hydroelectric dams and an energy trading company from Brazilian infrastructure company Triunfo in a deal worth around US$500million. Machado, Meyer, Sendacz e Opice Advogados advised the Chinese company in that transaction, while Souza, Cescon, Barrieu e Flesch – Advogados provided counsel to the seller.

 
Counsel to Latin Lawyer

Counsel to State Power Investment Corporation

King & Wood Mallesons
Partners Xiong Jin and Jonathan Grant in Hong Kong

Philippi Prietocarrizosa & Uría (Chile)
Partners Juan Pablo Bambach and Rafael Jiménez, and associate Cristina Olavarría in Santiago

Uría Menéndez
Partner Francisco Martínez in Beijing

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados
Partners Bruno Werneck and Fabiano Brito, and associate Eugênia Maria Menezes Pedroso in São Paulo

Counsel to IFM Investors

Herbert Smith Freehills LLP
Partners David Ryan and Juan-José Zentner, and associate Nikki Carro in Sydney

Veirano Advogados
Partners Roberto Rudzit Neto and Tiago Kümmel Figueiró, and associates Amaury Prado Neto and Diego Maia Lecuona in São Paulo

Carey
Partners Francisco Ugarte and Alberto Cardemil, and associates Tomás de la Maza and Eugenio González in Santiago