Topic: Privatisations

Brazilian state-owned development bank BNDES has hired Shearman & Sterling LLP in São Paulo and New York and local firms Lefosse and Tauil & Chequer Advogados in association with Mayer Brown to reduce its stake in Eletrobras through a 33.7 billion reais (US$6.9 billion) offering – the largest Brazilian privatisation in two decades.

20 June 2022

Featured in Who represents Latin America's biggest companies 2021?

The boom of innovative transactions in 2021, such as IPOs and hybrid bond issuances, ensured that leading Latin American companies kept their external advisers on hand as they waded through an increasingly complex raft of legal matters.

11 April 2022

Lobo de Rizzo Advogados has helped Brazilian asset manager Quadra Capital win a bid for a concession relating to two ports in the eastern Brazilian state of Espírito Santo, marking the country’s first port privatisation.

07 April 2022

Portuguese energy conglomerate EDP has enlisted Cescon, Barrieu, Flesch & Barreto Advogados to buy Brazilian state-owned electricity company Celg Transmissão (Celg-T) in a privatisation deal worth 1.9 billion reais (US$361 million).

09 November 2021

Brazil’s CPFL Energia has enlisted Cescon, Barrieu, Flesch & Barreto Advogados to raise 960 million reais (US$175 million) in a debt issuance, which the company will use to pay for its acquisition of state-owned power supplier CEEE-T.

19 October 2021

Brazil’s TozziniFreire Advogados has helped the local holding company of Canada’s Ontario Teachers’ Pension Plan Board (OTPP) acquire transmission line assets from Brazilian state-owned power group Eletronorte for 700 million reais (US$132 million).

21 September 2021

Brazilian private equity group, Fundo Bordeaux, has hired Cascione Pulino Boulos Advogados and Wald, Antunes, Vita, Longo e Blattner Advogados to acquire Paraná state-owned telecommunications company Copel for 2.4 billion reais (US$460 million).

03 September 2021

Machado Meyer Advogados has helped Brazilian state-owned oil company Petrobras divest its remaining stake in gas distribution subsidiary Gaspetro, selling it to the energy business of local conglomerate Cosan for 2 billion reais (US$394 million).

05 August 2021

Pinheiro Neto Advogados has helped CPFL Energia acquire a power transmission company from Brazil’s southern state of Rio Grande do Sul at an auction, after placing a winning bid of 2.67 billion reais (US$511 million).

22 July 2021

Linklaters in New York and São Paulo and Brazil's Lefosse Advogados have helped local fuel retailer BR Distribuidora in a secondary equity offering worth 11.4 billion reais (US$2.3 billion).

13 July 2021