Topic: Privatisations

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

Brazilian law firm Stocche Forbes Advogados has helped local oil and gas company Equatorial Energia acquire state-owned utility business Companhia de Eletricidade do Amapá (CEA) in a privatisation deal worth over 4 billion reais (US$791 million).

05 July 2021

Linklaters in Brussels and London and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in São Paulo have helped Belgian energy company Fluxys acquire a minority interest in the Bolivia-Brazil natural gas pipeline, GASBOL, from the Brazilian subsidiary of French oil and gas group Total.

28 May 2021

Pinheiro Neto Advogados has helped an investment fund, controlled by Canadian investor Brookfield and Brazilian finance group Itaúsa, pay 1.8 billion reais (US$340 million) for Petrobras’ remaining stake in local gas pipeline operator Nova Transportadora do Sudeste.

24 May 2021

Cescon, Barrieu, Flesch & Barreto Advogados and Stocche Forbes Advogados have helped the Canada Pension Plan Investment Board (CPP Investments) acquire a minority stake in Brazilian water and sanitation company Iguá for 1.2 billion reais (US$228 million).

20 May 2021

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and Mundie Advogados have helped Brazilian water company Aegea Saneamento team up with local and international investors to form a consortium and win a 15.4 billion reais (US$2.9 billion) public bid for water projects in Rio de Janeiro.

13 May 2021

Machado Meyer Advogados has helped a division of Brazilian state-owned bank Caixa Econômica Federal divest its remaining stake in Banco Pan for US$660 million.

13 April 2021

Stocche Forbes Advogados and Ulhôa Canto, Rezende e Guerra Advogados have helped Brazilian power company Equatorial Energia acquire state-run electricity distributor Companhia Estadual de Distribuicao de Energia Eletrica (CEEE-D) and assume its 7 billion reais (US$1.2 billion) debt pile, in one of Brazil’s latest privatisations.

09 April 2021