News 09 Apr. 2024
Curtis Announces New Partners and Counsels Across Offices in Spring 2024
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News 25 Jan. 2024
Counsel Mohannad A. El Murtadi Suleiman Addresses “Africanization” of International Investment Law
Event 18 Aug. 2023
Partner Borzu Sabahi Speaks at FDI Moot Shenzhen
News 25 Jul. 2023
Partner Eric Gilioli Ranked in Top 10 Influential Energy & Natural Resources Lawyers in Kazakhstan in Business Today
Client Alert 28 Dec. 2023
U.S. to Impose Secondary Sanctions on Non-U.S. Banks For Financing Russia’s Defense Industry
Event 22 Aug. 2023
Partner Dr. Claudia Frutos-Peterson to Speak at Arbitration and ADR Commission of the ICC Mexico
Event 11 Jul. 2023
Partner Elisa Botero Speaks on the Role of the ICC in Investment Disputes
News 15 Aug. 2023
Legal Reader Publishes Article on Dr. Majed Alotaibi’s Arrival as Senior Counsel in Curtis’ Riyadh Office
News 31 Jul. 2023
Curtis Welcomes Senior Saudi Advisor, Dr. Majed Alotaibi, to its Riyadh Office
News 24 Aug. 2023
Curtis Attorneys Quoted in CoinDesk on FTX Founder Sam Bankman-Fried’s Strategy Ahead of His Criminal Trial
Client Alert 24 Jun. 2021
Update on Virtual Notarization (Executive Order 202.7) During the COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021) — U.S. Insight
Update on Virtual Witnessing (New York Executive Order 202.14) During The COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021) — U.S. Insight
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Curtis Partner John Balouziyeh Quoted in an Article Analyzing War Crimes Litigation
Curtis Lawyers Featured in Fortune Article on Future of Accessible Luxury and Antitrust Challenges
News 17 May. 2007
May 17, 2007, New York, NY — Curtis, Mallet-Prevost, Colt & Mosle LLP represented the Bolivarian Republic of Venezuela (the "Republic") and Petróleos de Venezuela, S.A. ("PDVSA") in their recently concluded tender offers to acquire control of Compañía Anónima Nacional Teléfonos de Venezuela ("CANTV") and C.A. La Electricidad de Caracas ("EDC").
The pair of unique transactions involved cross border tender offers conducted simultaneously in Venezuela and the United States. The tender offers were conducted pursuant to agreements negotiated with Verizon Telecommunications, the principal shareholder of CANTV, which owned 28.51% of CANTV's shares, and The AES Corporation, the principal shareholder of EDC, which owned 82.14% of EDC's shares.
The Republic acquired approximately 80% of the outstanding shares of CANTV in its tender offer, bringing to approximately 86% the shares of CANTV owned or controlled by the Republic. The offer price reflected a US$2 billion valuation for CANTV. CANTV is Venezuela's primary provider of telecommunications services.
PDVSA acquired approximately 93% of the outstanding shares of EDC in its tender offer, at a price reflecting a US$900 million valuation for EDC. EDC is the primary provider of electricity and related services to Caracas and its surrounding areas.
Latin America
Mergers and Acquisitions
Telecommunications
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