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First foreign acquisition of Brazilian contractor closes
First foreign acquisition of Brazilian contractor closes

First foreign acquisition of Brazilian contractor closes

23 December 2000

Azevedo Sette and Gouvea Vieira closed the transaction on December 23 with the Spanish construction company Dragados, acquiring 50 per cent of the capital of Via Engenharia for R$75 million (US$30 million).

US$75 million commercial paper programme for Brazil's Unibanco comes into effect
US$75 million commercial paper programme for Brazil's Unibanco comes into effect

US$75 million commercial paper programme for Brazil's Unibanco comes into effect

12 December 2000

Hughes Hubbard and Machado Meyer represented the lenders, Barclays Capital, in the renewal of the programme which became effective on December 12 2000.

Food: France's Danone becomes leader in Brazilian dairy market
Food: France's Danone becomes leader in Brazilian dairy market

Food: France's Danone becomes leader in Brazilian dairy market

12 December 2000

Groupe Danone, advised by Demarest e Alemeida, announced the acquisition of São Paulo-based Cooperativa Central de Laticínios's (CCL) newly-founded company on December 12, 2000.

'New Market' created by the São Paulo Stock Exchange (Bovespa)
'New Market' created by the São Paulo Stock Exchange (Bovespa)

'New Market' created by the São Paulo Stock Exchange (Bovespa)

11 December 2000

The purpose of the 'New Market', introduced by Bovespa on December 11, 2000 is to attract publicly-held companies willing to disclose more information on their businesses and take on more responsibilities before their minority shareholders - currently known as 'good corporate governance'.

Finance: New rules for the Brazilian Export Finance Program
Finance: New rules for the Brazilian Export Finance Program

Finance: New rules for the Brazilian Export Finance Program

06 December 2000

As a result of the dispute between the Brazilian aircraft company Embraer (Empresa Brasileira de Aeronáutica SA) and its Canadian competitor Bombardier, the Brazilian Monetary Council decided to redefine the criteria applicable to the transactions carried out under the interest rate equalisation system of the Brazilian Export Finance Program commonly referred to as 'Proex'.

Electricity: AES and EDF acquire controlling stake in Brazilian electricity company
Electricity: AES and EDF acquire controlling stake in Brazilian electricity company

Electricity: AES and EDF acquire controlling stake in Brazilian electricity company

04 December 2000

Davis Polk, Barbosa Müssnich and Pinheiro Neto advised in the December 4 2000 acquisition of Light Servicios de Electricidade SA (Light) from Houston-based Reliant Energy for US$430 million.

Oil & gas: US$2.5 billion financing for Brazil's Barracuda and Caratinga fields
Oil & gas: US$2.5 billion financing for Brazil's Barracuda and Caratinga fields

Oil & gas: US$2.5 billion financing for Brazil's Barracuda and Caratinga fields

01 December 2000

The project, completed on December 1, marks the largest-ever project financing arranged for Brazil and Petrobras' offshore development programme and is the largest limited recourse financing of an offshore oil field in Latin America to date.

Tozzini Freire partner position at Brazilian Exchange Commission
Tozzini Freire partner position at Brazilian Exchange Commission

Tozzini Freire partner position at Brazilian Exchange Commission

01 December 2000

In December 2000 Marcelo Fernandez Trindade became the new director of the Brazilian Securities and Exchange Commission (CVM), and as such intends to lobby for approval of the new Stock Corporations Law.

Oil & gas: Brasil's Petrobras in US$170 million agreement for Albacora field
Oil & gas: Brasil's Petrobras in US$170 million agreement for Albacora field

Oil & gas: Brasil's Petrobras in US$170 million agreement for Albacora field

29 November 2000

Cleary, Gottlieb, Steen & Hamilton represented Petrobras in the project finance deal with Japanese companies Nissho Iwai Corporation and Indonesia Petroleum Ltd (INPEX), which was signed on November 29.

Telecoms: New mobile landscape in Brazil
Telecoms: New mobile landscape in Brazil

Telecoms: New mobile landscape in Brazil

27 November 2000

The National Telecommunications Agency (Anatel) approved the final bid motice for the new mobile service authorisation (Bands C, D and E) on November 27, 2000.