Brazilian banks close merger

30/09/2009 em Imprensa

Fonte: Latin Lawyer

Banco do Brasil has closed its acquisition of a stake in Banco Votorantim for US$2.35 billion.

França e Nunes Pereira Advogados advised the state-owned bank, Brazil’s largest, in its purchase of a 49.99 per cent stake in Banco Votorantim, which retained Machado, Meyer, Sendacz e Opice Advogados. The firm Velloza, Girotto e Lindenbojm Advogados Associados represented BTG Pactual as financial adviser to Banco do Brasil.

The deal was first announced in January, receiving approval from Brazil’s Central Bank earlier this month.

“We were responsible for the legal due diligence, which was one of the most complete and comprehensive we have experienced,” says partner Ricardo Mourão of Velloza, Girotto e Lindenbojm.

Although the deal was led from Brazil, Arnold & Porter LLP provided assistance on US regulatory matters.

Under the deal, Banco do Brasil will pay US$1.68 billion to Votorantim Financas, the company that owns the bank, with the remaining US$672 million going to Banco Votorantim as a capital increase.

Banco Votorantim is Brazil’s eighth-largest bank, with total assets of US$50.6 billion.

Counsel to Banco do Brasil

General counsel Antonio Rugero Guibo

França e Nunes Pereira Advogados
Partners Edmur de Andrade Nunes Pereira Neto and Erasmo Valladão França and associate Marco La Rosa de Almeida

Counsel to Banco Votorantim

In-house counsel – head of legal Marta Cibella Knecht

Machado, Meyer, Sendacz e Opice Advogados

Partners José Roberto Opice, Flavio Roberto Penteado Meyer and Tiago Espellet Dockhorn, and associates Arthur Bardawil Penteado, Guilherme Bruschini, Andre Thiollier, Indira Kurokawa e Silva

Counsel to the merged group (US matters)

Arnold & Porter LLP

Partners Greg Harrington and Kevin F Barnard and counsel Kathy Scott
Counsel to Banco BTG Pactual

In-house counsel – Bruno Duque

Velloza, Girotto e Lindenbojm Advogados Associados (due diligence and legal advisor of the financial advisor)
 
Partners Alexandre Lindenbojm, Cesar Amendolara, Ricardo Genis Mourão and Newton Domingueti and associates Camila Assunção, Camilla Sisti, Marcos Assumpção and Guilherme Godoy  

SP

 

 

Velloza Advogados |

VER TAMBÉM

News Mercado de Capitais Nº 483

Ministério da Ciência, Tecnologia, Inovações e Comunicações edita Portaria nº 5.894 que regulamenta a aplicação de recursos incentivados pela Lei…

16 de novembro de 2018 em News Mercado de Capitais

Leia mais >

News Trabalhista e Previdenciário Nº 482

TST altera critério de correção de débitos trabalhistas 12 de novembro de 2018 Em recentíssima decisão (acórdão publicado em 26/10/2018-Processo…