Market: Brazil

Mattos Filho has helped a thermoelectric plant owned by local energy group Gás Natural Açu (GNA) obtain a 3.9 billion reais (US$749 million) credit line.

10 January 2023

Tauil & Chequer Advogados in association with Mayer Brown has helped Brazilian oil and gas business PetroRecôncavo acquire the local subsidiary of Swedish counterpart Maha Energy for US$174 million.

10 January 2023

Pinheiro Neto Advogados has helped Brazilian energy group Cosan sell a minority stake in a holding company to Itaú Unibanco for 4.1 billion reais (US$735 million), handing the buyer shares in local counterpart Raízen.

09 January 2023

Brazilian Elite firm Veirano Advogados has incorporated five Mundie e Advogados lawyers as partners, strengthening its administrative, regulatory, competition and telecoms practices.

06 January 2023

A subsidiary of Brazilian telecoms infrastructure group Highline has hired Vinson & Elkins LLP in New York and Stocche Forbes in São Paulo to buy 1.7 billion reais (US$325 million) worth of assets from Oi, as part of the seller’s ongoing judicial recovery.

05 January 2023

Madrona Advogados has helped Brazilian steelmaker Gerdau enter a joint investment agreement with NW Capital and funds managed by XP Investimentos to inject some 4.5 billion reais (US$838 million) into local renewables developer Newave Energia.

05 January 2023

Tauil & Chequer Advogados in association with Mayer Brown and Souto Correa Advogados have helped Brazilian sanitation company Aegea place a 4.2 billion reais (US$784 million) winning bid to take control of Companhia Riograndense de Saneamento (Corsan), Rio Grande do Sul’s state-owned sanitation business.

04 January 2023

Lefosse has helped Brazil’s Marfrig Global Foods make a debt offering worth 750 million reais (US$142 million).

04 January 2023

With Lula’s return to office, lawyers remain optimistic about investment activity despite a highly divided Brazil and expect a busy year for tax if a sought-after reform takes place, as well as uptick in work related to environmental law and ESG.

03 January 2023

Several firms have helped data centre operator Aligned acquire Latin American-focused counterpart ODATA from Brazil’s Patria Investimentos and US IT company CyrusOne.

03 January 2023