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Latham Assists Enagás S.A. in Securing CFIUS Clearance

August 7, 2019
CFIUS was the final regulatory approval needed to consummate Enagás' indirect acquisition of a minority interest in Tallgrass Energy.

Enagás S.A. (Enagás), a Spanish public energy company, received clearance from the Committee on Foreign Investment in the United States (CFIUS) on July 24, 2019, in connection with its indirect acquisition of a minority interest in Tallgrass Energy LP. CFIUS concluded that there were no unresolved national security issues with respect to the transaction. With this CFIUS clearance, Enagás obtained all applicable regulatory approvals to consummate the proposed investment, and the transaction closed on July 30, 2019.

Latham & Watkins LLP represented Enagás in the transaction and advised the company on the CFIUS clearance process. The CFIUS team was led by Washington, D.C. partner Steven Croley, with Washington, D.C. associates Bridget Reineking and Noel Ottman. The corporate deal team was led by Houston partners Jeffrey Muñoz, Debbie Yee, and William Finnegan, and Washington, D.C. partner Brian Miller, with associates Kevin Richardson and Ryan Lynch in Houston, Javier Martí-Fluxá in Madrid, and William Hackett in Washington, D.C.