We advised Central Puerto on the acquisition of Piedra del Águila Hidroeléctrica Argentina S.A.

Bruchou & Funes de Rioja advised Central Puerto S.A. (“Central Puerto”) on the takeover of Piedra del Águila Hidroeléctrica Argentina S.A., the concessionaire of the Piedra del Águila hydroelectric power plant, located in the Limay River basin in the Comahue region (Provinces of Neuquén and Río Negro).

With an installed capacity of 1,440 MW, Piedra del Águila is the hydroelectric plant with the highest installed capacity in the Comahue region. The transaction, which involved a bid of US$245 million, enabled Central Puerto to renew the concession of the complex, strengthening its position as one of the largest electric power generators in the country.

The deal took place within the framework of the national and international multi-stage public tender launched by the Ministry of Economy for the sale of 100% of the share capital of the concessionaire companies Alicurá Hidroeléctrica Argentina S.A., Chocón Hidroeléctrica Argentina S.A., Cerros Colorados Hidroeléctrica Argentina S.A., and Piedra del Águila Hidroeléctrica Argentina S.A.

The Bruchou & Funes de Rioja team was led by partners María Lucila Winschel and Mariano Luchetti, together with associate Ezequiel Castelló.

Central Puerto received internal legal advice from José Manuel Pazos, Justina Richards, and Leonardo Marinaro.