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European utility companies fight over Brazil’s Eletropaulo

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Cescon, Barrieu, Flesch & Barreto Advogados; Rosman, Penalva, Souza Leão, Franco, Vale Advogados and Yazbek Advogados in São Paulo have helped Italian utilities company Enel buy a 74% stake in Brazil’s largest power distributor Eletropaulo for 5.6 billion reais (US$1.4 billion), but the deal is now ensnared in dispute proceedings after a hard-fought bid war ended in disagreement.