Morales & Besa advised Banco BICE on the project financing for Cumbres S.A. Central Hidroeléctrica

July 27, 2016

Morales & Besa successfully advised Banco BICE regarding the financing granted to Cumbres S.A., owned by Scotta and Ferrero groups, for the construction and development of 19 MW-hydroelectric plant “Central Hidroeléctrica Cumbres”. The project will be located 40 kilometers outside  of Puyehue, in Río Bueno, Ranco, Los Ríos Region.

The transaction was for approximately US$ 37.220.0000.

The team Morales & Besa was led partner Myriam Barahona with associates Nicole Ubal, Paulo Quinteros and María Francisca Estrougo. Carlos Espinosa and Alfonso de Urruticoechea were also involved with respect to regulatory issues.