GA_P advises GS Engineering & Construction on the sale of its Spanish subsidiary, GS Inima Environment, to Abu Dhabi National Energy Company PJSC

Gomez-Acebo & Pombo, together with the lead deal counsel K&L Gates, has advised South Korea-based GS Engineering & Construction (GS E&C) on the sale of its Spanish water treatment subsidiary GS Inima to Abu Dhabi National Energy Company PJSC (TAQA), a UAE state-owned energy and water company. The transaction is valued at approximately US$1.2 billion.

GS E&C is a leading international construction and engineering firm. Its subsidiary, GS Inima, headquartered in Spain, is a global leader in water treatment and water desalination, with a presence in Europe, the Americas, the Middle East, North Africa, and Asia.

TAQA’s acquisition of GS Inima marks a significant step in expanding its water treatment capabilities and supports its strategic ambition to increase clean energy-based power generation to over 30% by 2030.

GA_P’s team involved in this significant transaction has been led by M&A-Private Equity Partner Pablo Fernández Cortijo and Nicolás Zúñiga, M&A-Private Equity Partner and Senior Associate, respectively, which have lead a multidisciplinary team including Laura Roda, Nicolás Otero and Cristina Merino, Associates of the M&A department; José Ramón Pérez, Associate from the real estate department; María Vázquez, Covadonga Luján, Camino Gamón and Andrés Cortés, Associates from the litigation-regulatory department; Patricia González, Associate from the banking and finance team; Claudia Pérez, Associate from the IP team and Carmen Abad, associate from the employment team.