Posse Herrera Ruiz advised Bioena S.A.S.

Posse Herrera Ruiz advised Bioena S.A.S. and its shareholders in an operation pursuant to which Ashmore acquired a majority equity interest in the Company to fund the construction of the first wood pellet plant in Colombia.

Bioena is a pioneer in the production and commercialization of sustainable biofuels in Colombia, being the first company to develop the production of sustainable wood pellets for decarbonization and global sustainability on a large scale in Colombia.

Counsel to Bioena S.A.S.

Posse Herrera Ruiz

Leading Partner:  Jaime Cubillos

Other Lawyers:  Daniel Meza

Financial Counsel: Helm Banca de Inversión

Leading Partner:  Daniel Petrie

Other advisors:  Lukas Botero, Natalia Martínez

Counsel to Ashmore

Cuatrecasas,  Colombia

Leading Partner:  Felipe Mariño

Other Lawyers:  Natalia Villamizar, Juan Camilo Rangel, Alejandro Cepeda