Peruvian Opportunity Company S.A.C. launched a public offer to acquire 13.7% stake in Luz del Sur S.A.A. (BVL:LUSURC1) for approximately $570 million on January 25, 2021. Under the terms, Peruvian Opportunity Company S.A.C. will acquire 66.6 million shares for $8.5 per share. Peruvian Opportunity Company has placed $569.2 million in custody with BBVA Bolsa to guarantee its obligations under the public offer. Kallpa Securities, which determined the share price to be offered, estimates that based on the growth correlation between electricity demand and GDP for Lima, Luz's annual revenue will grow 1.3% through 2029. Jorge Muñiz Ziches, Sergio Oquendo Heraud, Mercedes Fernández Moscol, Rocío Izquierdo, Alesandra Azcárate and Alessandro Heredia Noriega of Muniz Ramirez Perez-Taiman & Olaya and Eduardo Benavides and Kattia Trujillo of Berninzon, Benavides, Vargas & Fernández Abogados acted as legal advisers for Peruvian Opportunity Company S.A.C. and China Three Gorges. Eduardo López Sandoval, Efraín Salazar, Renzo Rossi and María Angélica Meneses of Rodrigo Elías & Medrano Abogados acted as legal advisors for Luz del Sur.