Luz del Sur S.A.A. (BVL:LUSURC1) signed an agreement to acquire Sojitz Arcus Investment S.A.C. from Sojitz Corporation (TSE:2768) for approximately $130 million on March 28, 2023. The transaction is subject to evaluation of the authorities, including merger control clearance by the Peruvian National Institute for the Defense of Competition and the Protection of Intellectual Property (INDECOPI). Juan Pablo Porto of Cuatrecasas, , Leung, Robert W. and Huang, Mike F. of Paul Hastings LLP acted as legal advisor to Luz del Sur. McDermott Will & Emery LLP acted as legal advisor to Sojitz Corporation. As of September 26, 2023, INDECOPI approved the transaction. However, the company clarified that this authorization does not specify the purchase.

Luz del Sur S.A.A. (BVL:LUSURC1) completed the acquisition of Sojitz Arcus Investment S.A.C. from Sojitz Corporation (TSE:2768) on October 14, 2023.