Bird & Bird's Madrid energy team advises Isolux on $166 million major hydrocarbons storage facility in Colombia

03 December 2012

The Madrid energy team - led by partner Hermenegildo Altozano together with Senior Associate Alfonso Bayona - recently advised Isolux Ingeniería S.A. on a joint venture, together with Tradeco Industrial (Mexico) and Tampa Tank & Welding Inc (United States), on the construction of a hydrocarbons storage facility in the port of Cartagena de Indias (Colombia).

The USD 166 million transaction involved the drafting, negotiation and execution of the consortium documents (including the consortium agreement among Isolux Ingeniería S.A., Tradeco Industrial and Tampa Tank & Welding Inc) and the negotiation and execution of the engineering, procurement and construction (EPC) contract with Sociedad Portuaria Puerto Bahía, S.A. (as intermediary of the port of Cartagena de Indias, Colombia).

Isolux Corsán is a global benchmark in the areas of concessions, energy, construction and industrial services, operating in 30 countries worldwide. In 2011, Isolux reported €3.37 Bn in revenues and EBITDA of €393Mn.

This transaction is a further exmaple of Bird & Bird's work in Latin America. For futher information on how we can help you achieve your business goals in this region, visit our Latin America page [link] or contact Hermenegildo Altozano.

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