Rex Participações Hoteleiras - part of Brazilian billionaire Eike Batista's EBX Group - has bought the Glória Hotel in Rio de Janeiro.
Lobo & Ibeas Advogados represented Rex while Machado, Meyer, Sendacz e Opice Advogados advised the selling shareholders.

Rex bought the hotel's parent company, Industrial de Grandes Hotéis, from individual shareholders for US$40 million in a deal that closed in early November.

Pátria Investimentos, a Brazilian investment bank, acted as financial advisor to the selling shareholders in the transaction.

The Glória Hotel was built in 1922, in Rio's historic centre, in sight of the Sugar Loaf, Corcovado Mountain and Guanabara Bay.

EBX Group is the parent of leading mining group, MMX.

Counsel to Rex Participações Hoteleiras
·          In-house counsel - Luciano Porto and Renata Vidal Trigueiro Brautigam
·          Lobo & Ibeas Advogados
Partners Pedro Marino Bicudo, Joaquim Simões Barbosa and Denise Bueno Vecchi
Counsel to Industrial de Grandes Hotéis
·          Machado, Meyer, Sendacz e Opice Advogados
Partner Celso de Paula F da Costa and associates Luiz Felipe Duarte Martins Costa and Juliana Bastianello Baldin
(Latin Lawyer 20.11.2008)
(Notícia na Íntegra)