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