Topic: Privatisations

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

Which firms dominated LatAm equity capital markets in 2019?

Featured in Deal reports 2019

Latin Lawyer tracked equity capital markets activity across Latin America during 2019. Here, we reveal which Brazilian and international law firms won the most work.

11 June 2020

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

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