Carey y Cía. advised Brookfield Asset Management
January, 2012 - Santiago, Chile
Carey y Cía. acted as counsel to Canadian asset management company Brookfield Asset Management in the acquisition of Spanish construction company ACS Group’s stake in Chilean San Cristóbal tunnel as well as ACS Group’s and Spanish state and private-owned company COFIDES’ stake in Chilean Vespucio Norte Express toll road for US$330 million. Said transaction give Brookfield a 54.55% equity stake in Vespucio Norte Express and a 50% equity stake in Túnel San Cristóbal. Vespucio Norte Express is a 30-year concession that is part of Santiago’s beltway and was awarded to ACS in 2002 by the Chilean Ministry of Public Works (MOP). Both Vespucio Norte Express and Túnel San Cristóbal are all-electronic free flow toll facilities. Closing took place on December 15, 2011. The transaction was financed in part by means of a back-to-back loan provided by HSBC Bank Canada, for US$221,400,000.
Carey y Cía. has advised Brookfield Asset Management through a team led by partners Salvador Valdés, Diego Peralta and Felipe Moro, and associates Juan José Bouchon, Fernando Noriega, Arturo Poblete and Felipe Garcés.
