Portuguese utilities company REN - Redes Energéticas Nacionais has hired Chilean firm Prieto to purchase a 42.5% stake in Chilean oil and natural gas transporter Electrogás.
REN bought the share from Enel Generación Chile, part of the Italian Enel group. The seller hired Careyfor the US$180 million deal.
The sale closed on 7 February. Electrogás runs a network of 165.6 kilometres of pipelines in Chile.
Counsel to REN - Redes Energéticas Nacionais
In-house counsel - Marta Almeida Alfonso and Diogo Macedo Graça.
Partners Jaime Ríos Gómez-Lobo and Cristóbal Villarino, and associates Juan Andrés Ilharreborde, Camila Urzúa, María Victoria Guzmán, Felipe Grez, Camila Kutz, Francisco Lathrop and María Pía Eberhard.
Counsel to Enel Generación Chile