Peru

Lima, 22 January 2026 – CMS Grau advised a club of local banks comprised of Banco de Crédito del Perú (BCP), Banco Internacional del Perú S.A.A. (Interbank) and Scotiabank Perú S.A.A. (Scotiabank and, together with BCP and Interbank, the Banks), as lenders, on the structuring, negotiation and disbursement of a secured medium-term loan for an aggregate amount of up to PEN 267 million (the Loan) granted in favour of Cerámica Lima S.A. and other companies of the Celima–Trébol Group (the Celima–Trébol Group), acting as co-borrowers The transaction closed on 24 December 2025, and the funds were disbursed on 7 January 2026. The Celima–Trébol Group is a solid business group with more than 50 years of experience, comprised of two companies that are market leaders in Peru: Cerámica Lima S.A. (Celima) and Corporación Cerámica S.A. (Trébol). The Group is recognised as one of the leading producers and distributors of ceramic tiles, porcelain tiles, sanitary ware and taps in Peru. External Legal Advisors to the Banks: CMS Grau: Miguel Viale (Socio), Cinthia Cánepa (Asociada Senior) y Juan Andrés Carrera (Asistente legal) Internal Legal Advisors of BCP: Melissa Calderón y Mariana Castro Internal Legal Advisors of Interbank: Viviana Tapia e Ivonne Ramos Internal Legal Advisors of Scotiabank: Derek Ricketts y Samuel Bendezú External Legal Advisors to the Grupo Celima: Estudio Muñiz: Carlos Arata (Socio), Diego Liendo (Asociado Senior) y Giovanni Huamaní (Asociado) Internal Legal Advisors of the Grupo Celima: Pedro Beraún y Maritza Tapia  

Lima, 28 de agosto de 2025 - CMS Grau asesoró a Colbún Perú S.A. (“Colbún Perú”), subsidiaria de Colbún S.A. (“Colbún”) en la adquisición de la participación indirecta de Platinum Bolt A 2015 RSC Limited (“Platinum Bolt”) en Fénix Power Perú S.A. (“Fénix”), a través de la adquisición del 41.38% de las acciones emitidas por Inversiones de Las Canteras S.A. (“Las Canteras”). De esta manera, Colbún Perú se convirtió en titular de la totalidad de acciones emitidas por Las Canteras; y, por lo tanto, controlador absoluto de Fénix. El valor de la transacción superó los US$ 70 millones. Fénix es uno de los principales generadores del mercado eléctrico peruano, con una participación de alrededor del 8%. Su central termoeléctrica es la única de ciclo combinado dual en Perú (gas natural y vapor de agua) y tiene una potencia instalada de 572 MW. Colbún es una empresa generadora con 39 años de experiencia, siendo el tercer mayor operador eléctrico en el mercado chileno, con una cartera de más de 350 clientes industriales y empresas, cerca de 1.300 trabajadores y una potencia instalada de más 5.000 MW a través de 29 centrales de generación en Chile y Perú. El cierre de la operación se produjo el pasado 21 de agosto de 2025. Asesores Legales Externos de Colbún: CMS Grau: Socios Juan Carlos Escudero y Miguel Viale; y, equipo conformado por Cinthia Cánepa y Pablo Martínez. Barros & Errázuriz: Fernando Garrido. Asesores Legales Internos de Colbún: Rodrigo Pérez y Verónica Vergara. Asesores Legales Externos de Platinum Bolt: Rebaza, Alcázar y de las Casas: Socio Luis Miguel Elías y equipo conformado por Rafael Santín y Derek Ortmann. Linklaters: Socio Rupert Cheyne y Maxi Niefer. Lima, August 28, 2025 - CMS Grau advised Colbún Perú S.A. (“Colbún Perú”), subsidiary of Colbún S.A. (“Colbún”) in the acquisition of Platinum Bolt A 2015 RSC Limited’s (“Platinum Bolt”) indirect participation in Fenix Power Perú S.A. (“Fenix”), through the acquisition of 41.38% of the shares issued by Inversiones de Las Canteras S.A. (“Las Canteras”). Thus, Colbún Perú has become the holder of all of Las Canteras’ equity shares and, as a consequence thereof, sole controller of Fénix. The transaction value exceeded US$70 million. Fenix is one of the main generators in the Peruvian energy market, with a share of approximately 8% of the market. Its thermoelectrical power plant is the only one with a dual combined cycle in Peru (natural gas and water steam) and has an installed capacity of 572 MW. Colbún is a power generation company with 39 years of experience. It is the third largest electricity operator in the Chilean market, with a portfolio of more than 350 industrial and corporate customers, nearly 1,300 employees and an installed capacity of over 5,000 MW across 29 power plants in Chile and Peru. The closing of the transaction occurred on August 21. External Legal Advisors for Colbún: CMS Grau: Partners Juan Carlos Escudero and Miguel Viale, and team composed of Cinthia Cánepa and Pablo Martínez. Barros & Errázuriz: Fernando Garrido. Internal Legal Advisors for Colbún: Rodrigo Pérez and Verónica Vergara. External Legal Advisors for Platinum Bolt: Rebaza, Alcázar y de las Casas: Partner Luis Miguel Elías, and team composed of Rafael Santín and Derek Ortmann. Linklaters: Partner Rupert Cheyne y Maxi Niefer.

CMS Grau advised the Real Estate Investment Fund Sura Asset Management II (SURA) as the borrower of a medium-term loan,structured by Banco BTG Pactual S.A.: - Cayman Branch (BTG), intended for the refinancing of the fund's debts with third parties (the “Loan”). SURA is a real estate investment fund duly registered with the Public Registry of the Securities Market of the Superintendence of the Securities Market (SMV) under the General Regime, which was structured and is managed by Fondos Sura SAF S.A.C. The Loan will be backed by a package of guarantees, including a mortgage granted by SURA on a property it owns. The closing of the transaction took place on May 9, 2024, while the funds were disbursed by BTG in favor of SURA on May 15, 2024 and September 12, 2024. External Legal Advisors for SURA: CMS Grau: Partner Miguel Viale, and team composed of Cinthia Cánepa and Gabriel Nájar. Internal Legal Advisors for BTG: Laura Teodoro, Karim Abuid, and Rosario Siu. External Legal Advisors for BTG: DLA Piper Peru: Partner Sergio Barboza, and team composed of Juan Carlos Ramírez, Ricardo Mercado, Alexandra del Río, and Ariana Villegas.  

CMS Grau advised the Real Estate Investment Fund Sura Asset Management II (SURA) as the borrower of a medium-term loan,structured by Banco BTG Pactual S.A.: - Cayman Branch (BTG), intended for the refinancing of the fund's debts with third parties (the “Loan”). SURA is a real estate investment fund duly registered with the Public Registry of the Securities Market of the Superintendence of the Securities Market (SMV) under the General Regime, which was structured and is managed by Fondos Sura SAF S.A.C. The Loan will be backed by a package of guarantees, including a mortgage granted by SURA on a property it owns. The closing of the transaction took place on May 9, 2024, while the funds were disbursed by BTG in favor of SURA on May 15, 2024 and September 12, 2024. External Legal Advisors for SURA: CMS Grau: Partner Miguel Viale, and team composed of Cinthia Cánepa and Gabriel Nájar. Internal Legal Advisors for BTG: Laura Teodoro, Karim Abuid, and Rosario Siu. External Legal Advisors for BTG: DLA Piper Peru: Partner Sergio Barboza, and team composed of Juan Carlos Ramírez, Ricardo Mercado, Alexandra del Río, and Ariana Villegas.