Japanese duo make first Brazilian water investment

The Lisbon office of Uría Menéndez and Brazil’s Dias Carneiro, Arystóbulo, Flores, Sanches and Thomaz Bastos Advogados have helped Japan’s Marubeni and the Innovation Network Corporation of Japan (INCJ) buy a Portuguese water concessionaire with stakes in three Brazilian water companies, marking the first time Japanese companies have bought into Brazil’s water industry.