Morales & Besa advises Inprolec in sale to GE Energy Financial Services of Los Guidos

February 28, 2016

Morales & Besa successfully advised Inprolec in the sale of 75% of Los Guindos’ gas fired power plant to GE Energy Financial Services , owned by Inprolec Group and a joint venture to expand such plant in different steps. Inprolec will retain a 25 per cent interest and will continue to operate the plant. The transaction will fund expanding Los Guindos to add a second turbine, doubling output.

GE Energy Financial Services was advised by Claro & Cía.

In the transaction the M&B team was led by partner Michel Diban with associates María Teresa Manubens and Vicente Valdes.