Paul Hastings Represents Mitsubishi Corporation in a $1.448 Billion Energy Acquisition

November 01, 2007

Paul Hastings Represents Mitsubishi Corporation in a $1.448 Billion Energy Acquisition

EDF/Mitsubishi Gas Natural Deal Marks the Years Largest M&A Deal in Mexico

Los Angeles, CA (November 1, 2007) Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that the firm advised Mitsubishi Corporation in the sale of a combined cycle gas turbine (CCGT) power plant to Gas Natural, Mexicos main gas distributor. In addition, Gas Natural acquired four CCGT plants and a gas pipeline that feeds these plants from French energy company, EDF International. The transaction, which marks the years largest energy M&A deal in Mexico, is valued at $1.448 billion.

The deal will make Gas Natural Mexicos second largest private operator in power generation, with a total installed capacity of 2,233 megawatts. The transaction, which closed on October 25, 2007, is subject to regulatory approval in both Mexico and France.

"This is a watershed deal for Mexico and Latin America," said Dino Barajas, a New York and Los Angeles-based Global Projects partner who led the Paul Hastings team. "It demonstrates the interest of investors in the Mexican and Latin American energy markets as well as the size that is achievable for deals in these markets."

About Mitsubishi Corporation: Mitsubishi Corporation is Japans largest general trading company with over 200 bases of operations in approximately 80 countries worldwide.

About Paul Hastings Global Projects Group: The Paul Hastings Global Projects Group is internationally recognized for the breadth and depth of its project finance capabilities. With more than 25 years of experience, Paul Hastings has one of the most experienced teams of projects lawyers in the world. In the last few years, the Global Projects Group has represented clients in more than $40 billion of project transactions globally.

Paul, Hastings, Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,200 attorneys in 18 offices. The firm serves a diverse client base including many of the leading global financial institutions and Fortune 500 companies and offers deep capabilities in capital markets, finance and restructuring, intellectual property, international arbitration and dispute resolution, investment management, labor and employment, mergers and acquisitions, private equity, product liability, project finance, real estate, securities litigation and tax advisory services. For additional information, please visit our website at www.paulhastings.com.

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