by Lulu Rumsey  

Brazil´s Machado, Meyer, Sendacz e Opice Advogados has helped local transport company CCR increase its stake in the concessionaire behind a Rio de Janeiro highway, making it majority shareholder.


CCR bought a 33 per cent stake in Concessionária ViaRio from Brazilian conglomerate Odebrecht, bringing its share in ViaRio to 66 per cent. The remaining third is owned by Brazilian concession company Invepar. Odebrecht hired Demarest Advogados for the sale.


The value of the deal, which was signed on 30 June, was kept confidential. It requires approval from Brazil´s antitrust authority to go ahead.

ViaRio holds a 35-year concession to build, operate and maintain Ligação Transolímpica, a road linking Barra da Tijuca in the west and Deodoro in the north of Rio. The concessionaire financed the project with a US$132 million notes offering last year, hiring Souza, Cescon, Barrieu & Flesch Advogados for the offering.


Odebrecht is selling assets as it faces the fallout from its implication in Brazil’s biggest corruption probe, Operation Lava Jato. In the same week it parted ways with ViaRio, it also agreed to sell a majority stake in a Peruvian toll road project to Canadian asset manager Brookfield.

Counsel to CCR

Machado, Meyer, Sendacz e Opice Advogados

Partner José Ribeiro do Prado Junior and associates Júlia Rodrigues Coimbra and Larissa Santiago Gebrim

Counsel to Odebrecht

Demarest Advogados

Partner Thiago Sandim and associates Betina Castellanos, Fábio Tayar, Gabriel Queiroz, João Paulo Assunção, Marcelo Inglez de Souza, Fernanda Leão, Paulo Dantas, Paola Pugliese and Fernanda Harari

(Latin Lawyer - 12.07.2016)

(Notícia na íntegra)