Topic: Privatisations

Liberal Brazil

As the controversial government of Jair Bolsonaro takes shape in Brazil – with worrying implications for human rights, minorities and the environment – an unprecedented liberalisation programme is substantially changing the country’s economic system. Can it deliver on its promise to attract investors by making Brazil a better place for business?

21 November 2019

Brazil's government divests stake in reinsurer IRB

Hogan Lovells LLP in New York and São Paulo and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in São Paulo have helped Brazilian insurance company BB Seguros and the Republic of Brazil sell their shares in Brazil’s largest reinsurance company, IRB Brasil Resseguros, for some 7.4 billion reais (US$2 billion).

27 August 2019

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

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).

19 August 2019

BR Distribuidora goes private after US$2.2 billion Petrobras issuance

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.

16 August 2019

Cemig reduces stake in Light

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.

15 August 2019

Engie gets US$8.7 billion for Petrobras pipeline buy as privatisations gain momentum

Jones Day in New York and São Paulo and Stocche Forbes Advogados in São Paulo have helped French energy conglomerate Engie obtain finance worth US$8.7 billion to conclude its acquisition of Brazil’s largest gas pipeline company TAG after a critical Supreme Court ruling.

24 June 2019

Engie buys Petrobras gas pipeline company for US$8.6 billion

A slew of law firms are working on Petrobras’ US$8.6 billion sale of gas pipeline company TAG to a consortium formed by French energy company Engie and Canadian fund CDPQ, in what is thought to be the largest privatisation ever in Brazil.

18 April 2019

São Paulo state electricity company privatised for US$461 million

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados, Stocche Forbes Advogados and Wald, Antunes, Vita, Longo e Blattner Advogados have helped Votorantim Energia and Canada Pension Plan Investment Board (CPPIB) win a bid to acquire São Paulo’s state electricity company CESP.

25 October 2018

Siqueira Castro helps Fraport win airports in Brazil

Brazilian firm Siqueira Castro Advogados has helped German airport operator Fraport sign concession agreements to operate two airports in Brazil.

11 August 2017

Brazilian privatisations could face financing difficulties

Lawyers are split over whether the Temer administration’s recently announced privatisation scheme can obtain adequate financing as the country’s massive budget deficit leads to cutbacks in public spending.

23 September 2016

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