News

Vitol adds fuel to Brazil’s downstream sector with petrol station buy

Vitol adds fuel to Brazil’s downstream sector with petrol station buy

19 August 2019

BMA - Barbosa, Müssnich, Aragão in São Paulo has helped Dutch energy trader Vitol acquire a 50% stake in Brazil’s sixth-biggest petrol station owner, Grupo Dislub Equador (GDE).

BR Distribuidora goes private after US$2.2 billion Petrobras issuance

BR Distribuidora goes private after US$2.2 billion Petrobras issuance

16 August 2019

Linklaters in New York and São Paulo and Lefosse Advogados in São Paulo have helped Petrobras sell its controlling stake in fuel retailer BR Distribuidora as privatisations gain momentum in Brazil.

Lobo de Rizzo lights up Cemig’s US$900 million debt tap

Lobo de Rizzo lights up Cemig’s US$900 million debt tap

16 August 2019

Lobo de Rizzo Advogados has helped Minas Gerais state-owned electricity company Cemig raise 3.6 billion reais (US$900) through a debentures issuance on São Paulo’s capital markets.

Cemig reduces stake in Light

Cemig reduces stake in Light

15 August 2019

Rolim, Viotti & Leite Campos Advogados in São Paulo and Belo Horizonte has helped state-owned electricity company Cemig reduce its stake in Rio de Janeiro electricity company Light as part of a larger US$665 million transaction.

Brazilian court clears GSK/Pfizer divestiture

Brazilian court clears GSK/Pfizer divestiture

14 August 2019

A federal judge in Brazil has reportedly approved Pfizer's sale of assets to Aspen Pharmacare, ending a suspension caused by lack of quorum at the country’s competition watchdog. 

Latin America looks to data protection adequacy

14 August 2019

Argentina and Uruguay are the only countries in Latin America to meet the EU’s data protection adequacy criteria – but others are looking to follow suit soon, lawyers have said.

Paul Hastings has made good on Brazil expansion plans, says Fitzgerald

Paul Hastings has made good on Brazil expansion plans, says Fitzgerald

12 August 2019

Paul Hastings LLP’s Latin America practice group head Michael Fitzgerald is bullish about Brazil’s growth prospects and says the double lateral hire from Shearman & Sterling LLP’s São Paulo office last week fulfils long-standing expansion plans.

Paul Hastings poaches Shearman partners for its São Paulo office

Paul Hastings poaches Shearman partners for its São Paulo office

08 August 2019

Shearman & Sterling LLP’s office head in São Paulo, Jonathan Kellner, is leaving the firm alongside partner David Flechner to lead Paul Hastings’ Brazilian operations.

Asterion gets loan to close data centre buy from Telefónica in Brazil

Asterion gets loan to close data centre buy from Telefónica in Brazil

08 August 2019

Several offices from Clifford Chance LLP and Graça Couto Advogados in São Paulo have helped Spanish investment manager Asterion close the Brazilian leg of a US$616 million global data centre deal with Telefónica that involved acquisition financing at closing. 

Karoon also gets reserve-based lending for Petrobras buy

07 August 2019

Machado Meyer Advogados in Rio de Janeiro has helped Petrobras sell an oil field for US$665 million to Australian oil company Karoon, which obtained a reserve-based credit agreement to fund the purchase.