In a landmark deal, Hunton Andrews Kurth LLP represented Comisión Ejecutiva Portuaria Autónoma (CEPA) and the Republic of El Salvador in a $1.615 billion deal with Turkish company Yilport to invest in two of El Salvador’s maritime ports. This is the largest private investment ever made in El Salvador.
Hunton Andrews Kurth partner Andrej Micovic, who focuses on transportation and logistics infrastructure project development and finance, led the team that included Jessica Rivero. The team represented CEPA and El Salvador in the structuring, drafting and negotiation of a complex set of transaction documents to permit a CEPA and Yilport-owned mixed enterprise entity to further develop, finance, operate and maintain the two existing ports.
The investment will help modernize the Acajutla Seaport and activate the La Union Seaport, a project that has been closed since its construction was finished more than two decades ago.
“It is always great to have the opportunity to work on a first-of-its-kind transaction, especially when our work facilitates meaningful change,” said Micovic. “These necessary infrastructure investments and associated performance improvements have a significant impact on El Salvador’s long-term economic growth.”
About Hunton Andrews Kurth
For more than 120 years, Hunton Andrews Kurth has served clients across the globe with a collaborative and purposeful approach. With offices strategically located in the United States and around the world, the firm is known for its strength in the energy, financial services, real estate, and retail and consumer products industries, as well as its considerable depth across numerous practice areas. Hunton Andrews Kurth fosters a strong culture built upon an unwavering commitment to its clients, colleagues, and communities. To learn more, please visit huntonak.com.
