Market: Brazil

Glencore pays US$1.1 billion for Vale and Norsk Hydro assets

Mundie e Advogados in São Paulo has helped Swiss commodities trader Glencore acquire equity interest in two mining facilities from Brazil’s Vale and Norweigan miner Norsk Hydro for US$1.1 billion.

15 May 2023

GIC partners with Brazil’s Neoenergia for transmission investment

Three Stocche Forbes Advogados offices have helped a fund owned by Singaporean investor acquire a stake in the transmission subsidiary of Brazilian power company Neoenergia for 1.2 billion reais (US$243 million), allowing the two parties to form a new investment platform.

15 May 2023

Brazil blocks health insurance tie-up over duopoly concerns

Brazil’s competition authority has blocked Hapvida’s €54 million (US$58 million) acquisition of rival health plan provider Smile to prevent just two companies from controlling nearly 90% of the health insurance market in northeastern Brazil.

15 May 2023

Brazil makes US$2.25 billion sovereign issuance

Arnold & Porter in Washington, DC has helped the Republic of Brazil issue bonds worth US$2.25 billion.

12 May 2023

Digital payments merger calls on Demarest and Andrade Lacaz

Demarest Advogados has helped Brazilian telecoms and payments company Grupocard merge with local counterpart Movilway in a transaction worth 470 million reais (US$95 million).

11 May 2023

Lobo de Rizzo elects new managing partner

Lobo de Rizzo Advogados has appointed a new managing partner, just weeks after hiring a former Pinheiro Guimarães partner to launch its banking and payments offering.

10 May 2023

Mattos Engelberg and FAS partners depart to launch new firm

Two partners from Brazil’s Mattos Engelberg Echenique Advogados have teamed up with a practitioner from Focaccia, Amaral & Lamonica Advogados (FAS Advogados) to launch a new outfit.

10 May 2023

Ultrapar buys stake in Copersucar ethanol terminal

BMA Advogados has helped a subsidiary of Brazilian energy group Ultrapar acquire a 50% stake in a local ethanol terminal for 238 million reais (US$47 million).

10 May 2023

HFW Brazilian cooperation firm merges with DR&A

Brazil’s Costa & Albino Advogados in Cooperation with Holman Fenwick Willan LLP has combined with DR&A Advogados, creating an insurance boutique.

09 May 2023

ArcelorMittal gets CADE approval for renewables JV

Mellos Torres has helped Brazilian renewables group Casa dos Ventos get antitrust approval for its 4.2 billion reais (US$858 million) joint venture with the local subsidiary of Luxembourg steelmaker ArcelorMittal to develop a wind energy project in the northeastern state of Bahia.

09 May 2023

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