Thursday, 22nd April 2010 by Amy Stillman

Machado, Meyer, Sendacz e Opice Advogados has helped the shareholders of Brazil′s Yuny Incorporadora sell a minority stake of the company to the real estate unit of VR Group.

The property dealer′s founding shareholders Marcos and Marcelo Mariz de Oliveira Yunes sold existing and new common shares to VR Desenvolvimento Imobiliário, represented by Pinheiro Neto Advogados, on 24 March for an undisclosed amount.

The Yunes family continues to hold the majority stake of Yuny, and has joint control of the company with VR Group, in accordance with the shareholders′ agreement.

The subscription price for the new common shares paid by VR Group will be used to sustain the Yuny′s ′organic growth′, according to lawyers from Machado Meyer. An initial public offering is also expected in the near future.

Counsel to Yuny Incorporadora

·          In-house counsel - Lilian Vargas and Elisa Avólio

·          Machado, Meyer, Sendacz e Opice Advogados

 

Partner Luiz Felipe Duarte Martins Costa and associate Juliana Bastianello Baldin

Counsel to VR Desenvolvimento Imobiliário

·          Pinheiro Neto Advogados

Partner Antônio José Mattos Morello and associates Franco Musetti Grotti and Joamir Müller Romiti Alves

(Latin Lawyer 22.04.2010)

(Notícia na Íntegra)