Thursday, 24th June 2010 by Amy Stillman

Portuguese toll-road operator Brisa-Auto Estradas de Portugal has agreed to sell a 6 per cent stake in Brazilian highway operator Companhia de Concessões Rodoviárias to shareholders in a move to reduce debt.

Brisa retained Brazil′s Pinheiro Neto Advogados and Vieira de Almeida Advogados in Portugal for the deal, which was agreed on 22 June.

Brazilian firm Arap, Nishi & Uyeda Advogados represented the buying shareholders Andrade Gutierrez Concessoes, Camargo Correa Investimentos em Infra-Estrutura and Soares Penido Concessoes - which was also represented by Machado Associados - Advogados e Consultores and Machado, Meyer, Sendacz e Opice Advogados


The shareholders will pay 990 million reais (US$554 million) for the stake on 20 July.

Brisa also plans to sell its remaining 10.4 per cent share through a private placement that is due to be carried out by Banco Santander in the next few weeks, for an estimated US$923.5 million.

Counsel to Camargo Correa, Andrade Gutierrez and Soares Penido

·         In-house counsel for Camargo Correa – general counsel Bruno Ferla and Luiz Klecz


·         Arap Nishi & Uyeda Advogados

Partners Massami Uyeda Junior and Cíntia Vannucci Vaz Guimarães, and associate Emilio Duque Bugs

Counsel to Soares Penido Concessões

·         Machado Associados - Advogados e Consultores

Partners Isabel Bertoletti and Ana Maria Nakaza

·         Machado, Meyer, Sendacz e Opice Advogados


Partner José Samurai Saiani


Counsel to Brisa-Auto Estradas de Portugal


·         Pinheiro Neto Advogados

Partner Fernando Prado Ferreira and associate Fernando Santiago dos Santos Zorzo


·         Vieira de Almeida Advogados

Partners João Vieira de Almeida and Paulo Batista

(Latin Lawyer 24.06.2010)

(Notícia na Íntegra)