Market: Brazil

Petrobras to sell shares in Braskem with follow-on offering

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados has helped Brazilian conglomerate Novonor plan a follow-on share offering with state-run oil company Petrobras, as the latter decided to sell its stake in local petrochemical producer Braskem.

11 January 2022

Several firms in Brazil’s 2021 oil surplus auctions

Demarest Advogados has helped QP Brasil, a subsidiary of QatarEnergy, win a bid in the country’s most recent auction of transfer-of-rights for the offshore oil field Sépia, which raised some 25 billion reais (US$4.4 billion).

10 January 2022

Brazilian air mobility company merges with US SPAC

Skadden, Arps, Slate, Meagher & Flom LLP in New York and Los Angeles and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in São Paulo has helped Brazilian urban air mobility business Eve combine with Zanite, a US special purpose acquisition company (SPAC) focused on the aviation sector.

10 January 2022

Power company raises US$268 million in Brazil

Pinheiro Guimarães has helped electric transmission company Mata de Santa Genebra Transmissão issue notes worth 1.5 billion reais (US$268 million).

10 January 2022

Stocche Forbes and Pinheiro Neto steer renewable energy merger

Stocche Forbes has helped Brazilian natural gas and energy provider Eneva absorb local renewable energy company Focus Energia for a total of 2.4 billion reais (US$424 million).

07 January 2022

Brazil’s Ebanx buys local fintech start-up for US$229 million

Brazilian online payments company Ebanx has enlisted BMA - Barbosa, Müssnich, Aragão and Pinheiro Neto Advogados to acquire local transfer company Remessa Online for US$229 million.

07 January 2022

Felsberg and Cescon Barrieu in Renova Energia power asset sale

Felsberg Advogados has helped Renova Energia in the sale of assets to a new buyer, local energy group BSB Energética and Eletroriver, for 1.1 billion reais (US$196 million), having refused to sell to Emirati investment group Mubadala in September.

06 January 2022

Several firms in Brazilian agribusiness export securitisation deal

Three offices of White & Case LLP and Santos Neto Advogados in São Paulo have helped Brazilian agribusiness Caramuru Alimentos structure and implement its export securitisation programme of up to US$150 million for receivables granted by the export of products to Europe.

06 January 2022

Lefosse launches life sciences group with partner hire

Brazilian Elite firm Lefosse has hired a partner from local firm Kestener & Vieira Advogados to head its new life sciences and healthcare department.

05 January 2022

Coca-Cola FEMSA makes US$111 million acquisition in Brazil

The Brazilian arm of Mexico’s Coca-Cola FEMSA has hired Pinheiro Neto Advogados to acquire bottling company CVI Refrigerantes for 633 million reais (US$111 million).

05 January 2022

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