Oil Or Gas Transportation With Blue Gas Or Pipe Line Valves On Soil And Sunrise Background
Our Work

Latham & Watkins Advises Enagás in US$1.1 Billion Sale of Tallgrass Energy Stake to Blackstone Infrastructure Partners

July 10, 2024
Cross-border team represents the energy infrastructure company in the transaction.

Enagás, an international leader in the development, operation, and maintenance of energy infrastructure, announced that it has reached an agreement to sell its 30.2% interest in Tallgrass Energy to Blackstone Infrastructure Partners for US$1.1 billion. The transaction is expected to close at the end of July.

Latham & Watkins LLP represents Enagás in the transaction with a corporate deal team led by Houston partners Ryan Lynch and Kevin Richardson and Madrid partner María José Descalzo, with associates Cesar Leyva, Brian Bruzzo, and Brock Jones. Advice was also provided on tax matters by Houston partners Tim Fenn and Jim Cole and Madrid partners Ivan Rabanillo and Jordi Dominguez, with associate Christine Mainguy; on regulatory matters by Washington, D.C. partners Jason Cruise and Damara Chambers and Madrid partner José María Jiménez-Laiglesia; on environmental matters by Los Angeles/Houston partner Josh Marnitz; and on benefits matters by Century City/Bay Area partner Julie Crisp, with associate Aaron Tso.