With nearly four decades in the region, Paul, Weiss has long been recognized as a leader and legal innovator among international law firms in Asia. Our Asia based partners have been consistently ranked in the top tier of practitioners in their areas of expertise.
China’s State Grid to Acquire Chilean Utility Company Compania General de Electricidad for $3 Billion
- Client News
- November 13, 2020
Practices
Paul, Weiss is advising China-based utilities company State Grid International Development Limited in its $3.04 billion acquisition of Compania General de Electricidad S.A. (CGE) from Naturgy Energy Group S.A. The acquisition will include Naturgy Energy’s 96 percent holding in CGE, the largest distribution network and second-largest transmission network in Chile. This is the largest transaction signed in Chile this year, and State Grid’s second major recent acquisition in Chile; a $2.23 billion transaction, on which Paul, Weiss also advised, closed in June.
The Paul, Weiss team included corporate partner Judie Ng Shortell and antitrust counsel Marta Kelly.