ISA finalizes acquisition of Orazul Energy Perú S.A
ISA Group has purchased 100% of Orazul Energy Perú S.A.'s shares from I Squared Capital. Orazul Energy Group owns ETENORTE and ETESELVA, which operate six transmission lines covering 746 km of the circuit in Peru. Concessions are perpetual and will generate annual revenues of approximately US$13 million.
The companies are purchased on a debt/cash-free basis for US$152 million. The six concessions located in central and northern Peru in the departments of Ancash, Cajamarca, Huánuco, Lambayeque, and Uyacali operate in the Peruvian Primary Transmission System (SPT) and Secondary Transmission System (SST).
Scotiabank acted as a financial advisor to ISA Peru. Estudio Echecopar -a member of Baker & McKenzie International in Lima- together with Baker & McKenzie's New York office were in charge of the legal advisory in this transaction.
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