Engie Brasil has hired Veirano Advogados to buy a power transmission line concessionaire from the Brazilian subsidiary of Indian Sterlite Technologies for 410 million reais (US$108 million).

The seller turned to Machado Meyer Advogados for the deal, which closed on 3 March.

The deal hands Engie Brasil the entire stake in Sterlite Novo Estado Energia, which holds a concession to build 1,800 kilometres of transmission lines in the northern states of Pará and Tocantins.

Counsel to Engie Brasil

In-house counsel - Patrick Baeten, Alan Parker, Julia Babo and Christina Aguiar

Veirano Advogados

Partners Alberto de Orleans e Bragança, Tiago Figueiró and Paula Surerus, and associates Vitor Rozenthal, Fernão Moura de Castro, Thaís Limani and Amanda Moreira Kraft

Counsel to Sterlite Brazil

Machado Meyer Advogados

Partners Diana Pacifico Henne, Jose Prado and Paulo De Tarso Do Carmo Machado

(Latin Lawyer - 27/03/2020)