Carey advised subsidiaries of Antofagasta PLC in the sale of Aguas de Antofagasta to Empresas Públicas de Medellín
May, 2015 - Santiago, Chile
Carey acted as local counsel to Antofagasta Railway Company and Inversiones Punta de Rieles, subsidiaries of Antofagasta PLC, in the sale of 100% of Aguas de Antofagasta, a company dedicated to production and distribution of potable water and recollection, treatment and disposal of sewage, supplying more than 162.000 clients in six borrows in the north of Chile and to the mining business, to Empresas Públicas de Medellín, a Colombian holding with public utilities companies in Colombia, El Salvador, Guatemala, México, Panamá and Chile, for USD965 million.
The agreement is subject to the approval of state-owned ECONSSA Chile and other conditions stated in the share purchase agreement.
Carey advised Antofagasta Railway Company and Inversiones Punta de Rieles through a team led by partners Salvador Valdés and Cristián Eyzaguirre, and associates Francisco Guzmán, Ignacio de Solminihac, Nicolás Calderón, Giannina Veniú, Irene Barros, Francisco Urcelay, Miguel Saldivia and Camila Lavín.
