GRENERGY AGREES TO ACQUIRE PROJECT “PÉTALO DEL MAGDALENA I” FROM BLACK ORCHID SOLAR MANAGEMENT S.A.S., TO CONTINUE THEIR EXPANSION AND PRESENCE IN RENEWABLE ENERGY PROJECTS IN COLOMBIA
PHR acted as Colombian local counsel to the Grenergy group in the negotiation and execution of the assets purchase agreement to acquire from Black Orchid Solar Management S.A.S., the assets related with the renewable energy generation project “Pétalo del Magdalena I”, located in Magdalena, Colombia. The purchase is subject to the verification of customary conditions to closing.
Cross-border matter: Spain, Colombia
Stake in Colombia: 100%
LEGAL ADVISORS
COUNSEL TO GRENERGY
Posse Herrera Ruiz
Leading Partner(s)
Álvaro José Rodríguez, Mariana Sanchez
Other Lawyers
Erika Serrano, Pablo Mejia, Christian Díaz, Daniel Delgado, Alejandro Ávila, Carlos Garcia, Sergio Salazar, Santiago Piedrahita
COUNSEL TO BLACK ORCHID SOLAR MANAGEMENT S.A.S.
Gómez Pinzón Abogados
Leading Partner(s)
Patricia Arrázola-Bustillo, José Luis Palacios Verswyvel
Other Lawyers
Lina Correa Posada, Laura Garcia Chávez
