Lawsuits not to unplug Electricaribe sale

Lawsuits not to unplug Electricaribe sale

M&A Economy & Policy Corporate & Sovereign Strategy Debt Politics Electricity Energy Colombia

Colombia's lawsuit against Naturgy will not stop the government from selling the regional power company Electricaribe, LatinFinance has heard. "One thing is the legal proceeding and another the sale," said an M&A banker in Bogotá. "Both processes are being handled separately." Naturgy, formerly known as Gas Natural Fenosa, filed a $1.6bn claim after the government decided to liquidate Electricaribe last year. The government filed a countersuit last month, claiming the Spanish utility compa

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