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Sullivan & Cromwell advised Brazil’s $4.5 billion offer – its first this year – which saw demand for $12 billion. Here business hub Sao Paulo. (Photo: Embratur)
Alan Fishman and Chris Mann, Sullivan & Cromwell; Manuel Silva, Cleary Gottlieb and Joshua A. Kaufman, DLA Piper. (Latinvex collage)
Wednesday, March 11, 2026

Sullivan & Cromwell Advises $7.5 Bln LatAm Offers

A&O Shearman Cleary, Clifford Chance, Davis Polk, Linklaters, Simpson advise LatAm offers.

BY LATINVEX STAFF

Sullivan & Cromwell advised Brazil’s $4.5 billion offer and Panama’s $2.98 billion offer; Linklaters advised Paraguay dual-currency offers that raised $1.3 billion; Cleary Gottlieb and Clifford Chance advised Paraguay-based Ueno Bank’s $350 million offer; A&O Shearman advised Argentine Province of Entre Rios’s $300 million offer; Davis Polk advised Uruguay-based Arcos Dorados (the world’s largest McDonald’s franchisee) on its cash tender offer for up to $150 million; DLA Piper advised Argentine electricity distribution company Edenor’s $90 million offer and Simpson Thacher advised Banco Pine’s $47.5 million offer.

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Keywords: Argentina, Brazil, Capital Markets, Cleary Gottlieb, Clifford Chance, Davis Polk, DLA Piper, Linklaters, Panama, Paraguay, Simpson Thacher, Sullivan & Cromwell, Uruguay

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