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CORRECTION: On Monday, in the Colombian leg of our daily reflection on Latin America’s legal markets to coincide with the latest Latin Lawyer 250 we incorrectly stated that Lloreda Camacho & Co Attorneys had decreased in headcount since 2011, when in fact it has grown in size.

Baker & McKenzie (Colombia) has advised private equity fund Brookfield in the acquisition of government-owned power company Electrificadora de Boyacá.

Colombia’s Holguín Neira & Pombo Abogados has bolstered its team with the hiring of new equity partners, after a series of departures over the past two years saw the firm’s partnership reduced to one.

Chadbourne & Parke LLP and Holguín Neira & Pombo Abogados have helped Colombia's Empresas Públicas de Medellín (EPM) secure a contract to build and operate the Hidroituango dam – a project that will create the largest energy generator in the country.

Brigard & Urrutia Abogados and Cleary Gottlieb Steen & Hamilton LLP have helped gas transportation company Transportadora de Gas Internacional (TGI) sell US$400 million in shares to Citi Venture Capital International (CVCI) – in a deal that took over a year to negotiate.

Colombia's Posse, Herrera & Ruiz Abogados and Duane Morris LLP have helped Bogotà-based hydrocarbon and infrastructure services company PetroTiger secure a loan from Citibank.

Argentine steelmaker Ternium is to pay US$75 million for a majority stake in Colombian steel processor and distributor Ferrasa and its Panamanian subsidiary.

Fifteen Colombian law firms have formed a pro-bono foundation aimed at improving access to justice for the poor and under-represented communities.

Lawyers in Colombia and Mexico have helped petrochemicals company Mexichem secure US$48 million in financing from a syndicate of Colombian banks.

Colombia's government has auctioned its controlling stakes in three power companies for US$300 million.

Votorantim has fought off Latin America's leading steel makers to win a controlling stake in Colombian steel mill Acerías Paz del Río.