Schellenberg Wittmer with Maurel & Prom on Gran Tierra’s Equador and Colombia assets buy
Schellenberg Wittmer acted as Swiss counsel to Etablissements Maurel & Prom (Maurel & Prom), an oil and gas company listed on Euronext Paris, on its acquisition of Gran Tierra’s assets in Colombia and Ecuador. The total transaction value is USD 1.33 billion.
Deal details
The transaction covers all of Gran Tierra’s exploration and production assets in both countries, including producing fields, development projects and exploration licences. The USD 1.33 billion value includes the assumption of certain debt instruments. Completion remains subject to regulatory approvals in Colombia and Ecuador.
Advisers
The Schellenberg Wittmer team comprised Lorenzo Olgiati, Florian Angstmann and Sahra Cade (all corporate/M&A), Philippe Borens and Dominic Wälchli (both banking), David Mamane and Laura Macht (both competition), and Michael Nordin and Veysel Oruclar (both tax).
Herbert Smith Freehills Kramer acted as international lead counsel to Maurel & Prom. The company was also advised by Robalino Abogados on Ecuadorian law and by Chalela I Abogados on Colombian law.
