Market: Brazil

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

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’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

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

12 May 2023

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 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

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

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

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

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