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French insurer CNP enters billion-dollar JV with Caixa

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French insurance company CNP Assurance has hired Cleary Gottlieb Steen & Hamilton LLP in São Paulo and New York and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in São Paulo to enter a joint venture with Caixa’s insurance unit for 4.65 billion Brazilian reais (US$1.1 billion).