The transaction, that was completed on May 24th 2007, further strengthens AEI’s position as one of the key players in the Central American energy markets, as the Company already had a significant presence in the region through power generation businesses totaling over 480 MW installed capacity in Guatemala, Nicaragua and Dominican Republic, as well as Elektra Noreste in Panama, a power distribution company that delivers electricity to approximately 300,000 customers.

 
Rusconi, Valdez, Medina & Asociados Central Law advised AEI as local lawyer for this transaction in El Salvador. Partners Luis A. Medina and Benjamin Valdez worked with Ashmore´s team during all the phases of the acquisition.

 
Luis A. Medina, leading partner for this transaction, commented “Our firm has been in the electricity market as an advisor in many financing and acquisition deals. Assisting AEI, and its team of executives and US lawyers has really provided us the opportunity to show our abilities and to reinforce the main focus of our firm: ASSISTING GROWTH-ORIENTED COMPANIES in its legal needs in the region, with particular emphasis in the areas of electricity, telecommunications, oil and gas, and infrastructure sectors.”

 
Rusconi, Valdez, Medina & Asociados Central Law is Central Law’s member in El Salvador. It is the only regional firm with offices in seven countries operating with the philosophy of multinational coordination: SEVEN COUNTRIES- ONE CONTACT POINT. Central Law also assists AEI in Nicaragua, through its local member: Molina & Asociados Central Law.

 
A team of specialists from King & Spalding, with leading partner George E. (Ned) Crady, were the US counsels for this transaction.

 
The lawyer for CITIBANK in USA was Cecilio Castillero of firm Milbank, Tweed, Hadley & McCloy LLP (New York) and in El Salvador was Rafael Mendoza of Espino Nieto & Asociados.

> Regresar al inicio