马德里 + 34.91.520.3947

Raimundo Ortega handles complex antitrust and regulatory matters, with extensive experience in infrastructure and energy. He is the only lawyer in Spain ranked simultaneously in competition and energy by Chambers, Legal 500, and Best Lawyers for seven consecutive years. Raimundo was recently appointed by the Spanish Competition Authority (CNMC) as a Non-Governmental Advisor to the International Competition Network. He leads the ESG (environmental, social, and governance) team in the Madrid Office.

For more than 25 years, Raimundo has represented foreign and domestic funds, financial institutions, and infrastructure and energy companies such as Aberdeen, Axpo, Banco Santander, Bombardier, CaixaBank, Cintra, EDF, Endesa, Engie, IBM, Inditex, ILSA, Macquarie, Marubeni, Naturgy, Orange, P&G, Prysmian, KPN, and Total.

He is currently advising on several cartel investigations, including leniency applications before the CNMC and the Supreme Court. He also has extensive experience in merger regulation, including phase 2 transactions with remedies, abuse of dominant position, and private damage actions. He is active in energy infringement procedures and has extensive experience challenging energy regulation before the Supreme Court and the European Commission. He also has experience advising on power purchase agreements (PPAs) and guarantees of origin (GOs) and in foreign direct investment (FDI) screenings.

Raimundo teaches competition law and energy at a variety of academic institutions.


  • Société Générale sells Société Générale Equipment Finance's (SGEF) activitiesJones Day is advising Société Générale in the sale of the professional equipment financing businesses operated by Societe Generale Equipment Finance (SGEF) to Groupe BPCE.
  • Orange and Masmovil combine in €18.6 billion mergerJones Day advised Orange, S.A. ("Orange"), one of the world's leading telecommunications operators, on the combination of their telecom business in Spain with Masmovil, one of the leading telecommunications operators in Spain, for an enterprise value of €18.6 billion (€7.8 billion for Orange Spain and €10.9 billion for Masmovil).
  • Convertible lenders of Celsa obtain approval of first non-consensual restructuring planJones Day advised a group of clients as lenders under a junior debt instrument advanced to the Celsa group, a family-owned business and one of the largest manufacturers of long steel products in Europe.
  • Sanofi sells portfolio of well-established consumer healthcare brands to STADAJones Day advised Sanofi in the sale of a portfolio of 7 well-established consumer healthcare brands across several countries, including Belgium, Germany, Hungary, Spain, the U.K., as well as Nordic countries, to STADA Arzneimittel AG.
  • Aer Soléir partners with Tartessos Power Development for hybrid project of over 130 MW in Andalusia, SpainJones Day advised Dublin-based Aer Soléir on its partnership with Spain's renewables developer Tartessos Power Development for co-development of a hybrid project of over 130 MW in Andalusia, Spain.
  • Marubeni sells global grain business of Gavilon Agriculture InvestmentJones Day advised Marubeni Corporation in the sale of the global grain business of Gavilon Agriculture Investment, Inc. to Viterra Limited, following a reorganization of Gavilon’s structure.
  • Web Financial Group sells all its technology business to AllfundsJones Day represented Web Financial Group, S.A. in the sale of all its technology business to Allfunds, one of the world’s leading B2B WealthTech platforms for the fund industry.
  • Iridium Concesiones de Infraestructuras, S.A. (ACS group) sells 80% stake in Nuevo Hospital de ToledoJones Day advised Iridium Concesiones de Infraestructuras, S.A. (ACS group) in the €58 million sale of its 80% interest in Nuevo Hospital de Toledo, S.A. to BSIP Spain HoldCo, S.L., a company managed by Brookfield.
  • PTTGC acquires allnex from AdventJones Day advised PTT Global Chemical Public Company Limited in the €4 billion acquisition of allnex Holding GmbH from Advent International.
  • American Industrial Partners subsidiary Vertex Aerospace announces acquisition of Raytheon Technologies' Defense Training and Mission Critical Solutions business linesJones Day advised American Industrial Partners in the acquisition by portfolio company, Vertex Aerospace, of Raytheon Technologies' Defense Training, Professional Services, Mission Critical Solutions, and Modernization and Sustainment business lines.
  • Portobello sells ElParking and Imbric to Mutua MadrileñaJones Day advised Portobello Capital in the sale of 100% of urban mobility platforms ElParking and Imbric to Mutua Madrileña.
  • Procter & Gamble enters into two 15-year virtual power purchase agreements with EDPR for solar and wind energy in EUJones Day advised The Procter Gamble Company in entering into two 15-year virtual power purchase agreements (VPPAs) to purchase electricity and guarantees of origin (GOs) from solar and wind energy projects in the EU owned by a subsidiary of renewable energy developer EDP Renováveis, S.A. (EDPR).
  • Cardinal Health sells its Cordis business to Hellman & Friedman for approximately $1 billionJones Day advised Cardinal Health in connection with the divestiture of its Cordis business to Hellman & Friedman for approximately $1 billion.
  • Portobello acquires LegálitasJones Day advised Portobello Capital in the acquisition by portfolio company Sitracon Spain, S.L. of a majority stake in Legálitas Asistencia Legal, S.L.
  • EagleTree Capital sells Airtech Group, US Valve Corporation, and related entities to IDEX Corporation for $470 millionJones Day represented investment funds managed by EagleTree Capital in the sale of Airtech Group, US Valve Corporation, and related entities to IDEX Corporation for $470 million.
  • CBRE Global Investors disposes of Spanish logistics portfolio to BankinterJones Day advised CBRE Global Investors, on behalf of its value-add fund European Value Partners (EVP 2), and its joint venture partner Valfondo (a developer and manager of Montepino logistics assets in Spain) on the sale to Bankinter of a portfolio of 22 Spanish logistics assets, totaling 865,000 sqm, together with a development pipeline of a further 13 logistics assets.
  • Ferro Corporation sells its global Tile Coatings Business to Lone Star Funds for $460 millionJones Day advised Ferro Corporation, a leading global supplier of technology-based performance materials, in the sale of its global Tile Coatings Business to Pigments Spain, S.L., a portfolio company of Lone Star Funds, for $460 million in cash, with potential earnout payments of up to $32 million in cash based on the performance of the business pre-closing, subject to customary adjustments.
  • Entravision Communications acquires majority stake in RedmasJones Day represented Entravision Communications Corporation (NYSE: EVC) in the acquisition of a 51% interest in Redmas owned by the Cisneros Interactive Group.
  • PolyOne acquires Clariant color and additive masterbatch business for $1.5 billionJones Day advised PolyOne Corporation in the $1.5 billion purchase of Clariant’s global color and additive masterbatch business.
  • Portobello Capital acquires BT España Compañía de Servicios Globales de Telecomunicaciones, S.A.U.Jones Day advised Portobello Capital Gestion SA SGEIC in the acquisition and related financing of the Spanish company BT España Compañía de Servicios Globales de Telecomunicaciones, S.A.U., whose primary activity is the provision of telecommunication services.
    • April 18, 2024
      6th IBA French – Spanish Day Event. Speaker at the session: "Into the MásMovil/Orange merger"
    • September 2021
      Premerger coordination & integration: how to do it avoiding gun jumping, internal antitrust compliance at a major financial institution.
    • November 11, 2020
      Speaker as CNMC’s non-governmental advisor in webinar organized by International Competition Network, Cartel Working Group: “Leniency Perspectives from the Private Bar”
    • September 24, 2018
      Blockchain Banking Seminar
    • September 24, 2018
      Blockchain Banking Seminar
    • 21 noviembre, 2017
      El futuro de los PPAs en España
    • May 11, 2017
      Investment Opportunities in Mexican electricity market
    • 11 de mayo, 2017
      Oportunidades de inversión en el sector eléctrico en México.
    • 24 de marzo, 2017
      Competencia, contratos públicos y la Administración
    • 8 de junio, 2016
      México: retos y oportunidades tras la entrada en operación del Mercado Eléctrico Mayorista
    • 25 de mayo, 2016
      Las multas a los directivos por infracción de la normativa de Competencia y la Responsabilidad Penal
    • 29 de marzo, 2016
      Desayuno con el Presidente de la Comisión Nacional de los Mercados y la Competencia (CNMC)
    • 23 de abril, 2013
      Implicaciones de Derecho de la Competencia en operaciones de adquisición de empresas en dificultades
    • March 9, 2012
      From Law Firm to Classroom
    • 9 de marzo 2012
      Cuando el Bufete se Tansforma en Aula
    • January 24, 2012
      Opportunities in Renewable Energy in 2012 - Legal and Regulatory Framework for Renewable Energy Investments in Europe.
    • February 3, 2011
      Lecture on client relationship at the LLM International Law, ISDE
    • January 27, 2011
      Interview with tv news channel "Intereconomia" regarding leniency applications ("Entrevista en el telediario de Intereconomia TV sobre las solicitudes de clemencia")
    • January 25, 2011
      Lecture on the new EU vertical restraint in a competition course, IEB
    • November 13, 2010
      Panel on the activity of the CNC in the field the promotion of competition, moderator, FIDE