Machado Meyer Advogados - News
Conference coverage
Simpson, Thacher & Bartlett assists US banks on Brazilian export loan
Suzano, a pulp, paper and petrochemicals company, has secured an export loan under which it can purchase export goods from Bahia Sul, a major pulp producer in Brazil. Under the financing arrangement, the receivables of the exports will be used as collateral in the financing arrangement.
Machado Meyer advises in US$210 million joint venture
Telefônica Datacorp SA of Spain, and Telefônica Data Brasil Holding SA, with Banco Itau SA, have finalised a joint venture for the exploitation of outsourcing and telecommunication services for corporate networks, including Banco Itaú SA. The deal was concluded on June 27 with an investment by Telefónica of US$210 million.
Machado Meyer and Xavier, Bernardes Bragança smoothe Brazilian mobile deal
Telia and Grupo Algar have now finalised the sale of their substantial financial interests in Tess SA, a mobile operator in Brazil, to Telecom Americas. The transaction was announced in February and the parties signed the agreement in April. The purchase price is US$1.9 billion.
Linklaters clinches notes deal for power company
Linklaters & Alliance has advised on a US$700 million medium-term note programme for São Paulo’s largest electricity company, Companhia Energética de São Paulo (CESP).
New Brazilian firm assists with debenture launch
A newly-established Brazilian firm has just assisted Companhia Petrolífera Marlim, a major local petroleum company, in pricing and issuing R$1 billion in debentures. The debentures duly secured a near-perfect rating from two ratings agencies.
Two local firms, Clifford Chance selected as advisors in Brazilian IPO
Souza, Cescon Avedissian, Barrieu e Flesch Advogados, a recent breakaway from Machado, Meyer, Sendacz e Opice Advogados, is advising Microsiga, the Brazilian software group, in its IPO.
European telecoms merge their Brazilian assets
PT and Telefónica will each own 50 per cent of the joint venture, which will include five companies with 9.3 million clients. It will therefore become Latin America's largest mobile operator. The joint venture is expected to take effect from January 2002. It will be implemented in most Brazilian regions. It will be particularly focused in Rio de Janeiro and São Paulo.
Brazilian recycler and Norwegian company in joint venture
Azevedo Sette Advogados has been retained by TOMRA System ASA from Norway to assist it in a strategic alliance to be made with LATASA (Latas de Alumínio SA) to develop a new process of recycling aluminum cans in Brazil.
Brazilian recycler and Norwegian company in joint venture
Azevedo Sette Advogados has been retained by TOMRA System ASA from Norway to assist it in a strategic alliance to be made with LATASA (Latas de Alumínio SA) to develop a new process of recycling aluminum cans in Brazil.
Successful bidder for São Paulo state bank represented by Tozzini Freire
On November 20, Santander of Spain became Brazil's third largest financial institution with its winning bid for a controlling stake in Banespa. The bank agreed to pay R$7.05 million, a 281 per cent premium on the minimum asking price.
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