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France’s CNP and Caixa amend billion-dollar insurance JV

Shutterstock.com/Vergani Fotografia

Cleary Gottlieb Steen & Hamilton LLP in São Paulo and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in São Paulo have helped France’s CNP Assurances amend an existing joint venture agreement with the insurance unit of Brazilian bank Caixa, which hired local firms Pinheiro Neto Advogados and Demarest Advogados, in a deal worth nearly 8 billion reais (US$1.5 billion).