Morales & Besa successfully advised Sonnedix in the acquisition of a PV project (PMGD) sold by Sagittar

May 4, 2020

Morales & Besa successfully advised Sonnedix in the acquisition of a PV project subject to the stabilized price mechanism applicable to PMGD projects (Small Means of Distributed Generation), with an installed capacity of 3 MW, sold by Sagittar.

Our legal advice comprised (i) conduction of the legal due diligence processes of the project; (ii) drafting and negotiation of acquisition documents, including share purchase agreement and development service agreement; (iii) following up the satisfaction of condition precedents; and (iv) coordination of the closing of the transaction.

The Morales & Besa team that participated in the transaction was led by partner Michel Diban along with senior associate, Guillermo Pizarro, and associates Jaime Rosso, and associates José Manuel Llamazales and Sebastián Nieme.