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The purchase of 992 e-buses for Santiago’s public transit system, Red Metropolitana de Movilidad, is the largest of its kind outside of China. (Photo: IDB)
Wednesday, November 29, 2023

Allen & Overy Advises Chile Bus Financing

Paul Hastings, Simpson Thacher, Skadden advise deals, offers in Central America, Chile.


Allen & Overy advised the International Finance Corporation (IFC), a member of the World Bank Group, the Inter-American Investment Corporation (IDB Invest) and Banco del Estado de Chile (BancoEstado) as co-lenders on their first investment in electric buses (e-buses) in Santiago, Chile for a total of $334 million; Simpson Thacher advised on the $698 million offer from Chilean bank BCI and Paul Hastings and Skadden advised on the closing of Colombian energy company Celsia’s $194 million sale of a 188 MW renewable energy portfolio in Panama and Costa Rica to Fontus Spain S.L.U., an EnfraGen subsidiary.

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Keywords: Allen & Overy, Chile, Costa Rica, Energy, Finance, Panama, Paul Hastings, Skadden

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