Domingo 24 de Septiembre 2023
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Brazil's government privatized Eletrobras, the largest power utility in Latin America, through a share sale advised by Shearman & Sterling. Here the Mascarenhas de Moraes power plant in Minas Gerais. (Photo: Eletrobras)
Roberta B. Cherman, Shearman & Sterling;  Carlos Lobo, Hughes Hubbard and Jaime Mercado, Simpson Thacher. (Latinvex collage)
Thursday, June 16, 2022
Legal Briefs

Shearman Advises Eletrobras Privatization

Baker McKenzie, Hughes Hubbard, Simpson Thacher advise Mexico, Brazil, Argentina deals.




Shearman & Sterling represented Brazil’s state-owned BNDESPar as selling shareholder in the $6.9 billion offering of shares issued by Brazilian state electricity company Eletrobras in the largest privatization in Brazil in two decades; Baker McKenzie is advising Netherlands-based logistic service provider Advario on its joint venture with Mexican petrochemical company Braskem Idesa to build a $400 million ethane import terminal in Mexico; Hughes Hubbard advised Brazil-based pulp producer Suzano on its new, $70 million venture capital fund and Simpson Thacher represented Argentina-based real estate company IRSA in connection with the merger with IRSA CP.


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Keywords: Argentina, Baker McKenzie, Brazil, Energy, Hughes Hubbard, Mexico, Shearman & Sterling, Simposn Thacher




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