Topic: Privatisations

Canada’s CPP invests in Brazilian sanitation company

Cescon, Barrieu, Flesch & Barreto Advogados and Stocche Forbes Advogados have helped the Canada Pension Plan Investment Board (CPP Investments) acquire a minority stake in Brazilian water and sanitation company Iguá for 1.2 billion reais (US$228 million).

20 May 2021

Several firms steer Brazil’s largest water privatisation

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and Mundie Advogados have helped Brazilian water company Aegea Saneamento team up with local and international investors to form a consortium and win a 15.4 billion reais (US$2.9 billion) public bid for water projects in Rio de Janeiro.

13 May 2021

Machado Meyer steers Caixapar’s final divestment of Banco Pan

Machado Meyer Advogados has helped a division of Brazilian state-owned bank Caixa Econômica Federal divest its remaining stake in Banco Pan for US$660 million.

13 April 2021

Stocche Forbes, Ulhôa Canto and Machado Meyer in CEEE-D privatisation

Stocche Forbes Advogados and Ulhôa Canto, Rezende e Guerra Advogados have helped Brazilian power company Equatorial Energia acquire state-run electricity distributor Companhia Estadual de Distribuicao de Energia Eletrica (CEEE-D) and assume its 7 billion reais (US$1.2 billion) debt pile, in one of Brazil’s latest privatisations.

09 April 2021

Brazil sees first non-Petrobras gas transportation contract

Tauil & Chequer Advogados in association with Mayer Brown has helped Brazilian gas company TAG sign the country’s first ever natural gas transportation contract – in which Petrobras is not the transporter – with chemicals company Proquigel.

22 February 2021

Cemig turns off Light in share offering

Brazilian electricity company Light has called on Milbank in São Paulo and New York and local firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados to issue shares in a primary and secondary offering for 2.7 billion reais (US$507 million), in which state-owned Cemig sold its entire stake in the company.

05 February 2021

Brazilian firms cement Petrobras divestment of Liquigás

Several Brazilian firms have helped a group of companies led by local investor Itaúsa acquire Petrobras’ former gas distribution company, Liquigás, after placing a joint winning bid of 4 billion reais (US$770 million) for the assets.

11 January 2021

Neoenergia makes winning bid for Brasília power distributor

Machado Meyer Advogados has helped Brazil's Neoenergia buy state-owned utilities company CEB Distribuição in an auction for 2.5 billion reais (US$492 million).

15 December 2020

Veirano facilitates report for Brazil’s port privatisation plan

Veirano Advogados has helped G20-backed initiative Global Infrastructure Hub (GI Hub) draft a market sounding report to facilitate the Brazilian Ministry of Infrastructure’s port privatisation programme, which aims to boost the country's participation in world maritime trade.

18 November 2020

Brazilian firms help bring Petrobras’ TAG divestment to a close

Jones Day offices in New York and São Paulo and Stocche Forbes Advogados in Rio de Janeiro have assisted two subsidiaries of French energy conglomerate Engie, while Tauil & Chequer Advogados in association with Mayer Brown and Stocche Forbes too have helped Canadian fund Caisse de dépôt et placement du Québec (CDPQ) in their shared 1 billion Brazilian reais (US$194 million) acquisition of Petrobras’ remaining 10% stake in Brazilian gas pipeline company TAG.

23 July 2020

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