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An Onofre outlet in Brazil. US-based CVS has agreed to sell the chain after buying it in 2013. Shearman & Sterling advised on the sale. (Photo: Onofre).
Robert Katz and Jonathan Kellner, Shearman & Sterling and Andrés de la Cruz, Cleary Gottlieb. (Latinvex collage)
Wednesday, March 6, 2019
Legal Briefs

Cleary, Shearman Advise Argentina, Brazil Work

Cleary, Shearman advise on Samurai bond settlement, CVS deal.


Shearman & Sterling advised US-based CVS on its sale of Brazilian pharmacy chain Onofre to its larger rival Raia Drogasil for an undisclosed amount.

Meanwhile, Cleary Gottlieb represented Argentina in settling so called Samurai Bonds that were defaulted in 2011 by the then-government of the South American country.

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Keywords: Argentina, Brazil, Capital Markets, Cleary Gottlieb, Health, Shearman & Sterling


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