Pinheiro Neto advises NISA on R$1.8bn M&A with Petrobras – NTS
Pinheiro Neto advised Nova Infraestrutura Gasodutos Participações S.A. (NISA) on the acquisition of 10% of the remaining stake held by Petrobras in Nova Transportadora do Sudeste S.A. (NTS)
Petrobras has completed the sale of its remaining 10% stake in Nova Transportadora do Sudeste S.A. (NTS) to Nova Infraestrutura Gasodutos Participações S.A. (NISA), a company formed by Nova Infraestrutura Fundo de Investimentos em Participações Multiestratégia (FIP), an investment fund managed by Brookfield Brasil Asset Management Investimentos Ltda., and Itaúsa S.A., the current controlling shareholders of NTS.
Pinheiro Neto Advogados represented the buyer. The transaction value was R$1.8 billion. Considering the discount of dividends, interest on equity, and restitution through capital reduction received by Petrobras throughout 2020 and 2021, and the other adjustments provided for in the contract due to the base date, the transaction was concluded for R$ 1.5 billion.
Several practice areas of Pinheiro Neto were involved in the transaction, represented by partners (M&A/Oil and Gas) Marcello Lobo (pictured left), (Antitrust) José Alexandre Buaiz Neto (pictured centre), (Tax) Emir Oliveira (pictured right) and Senior Associate Rafael Toledo, Antitrust associate Giovana Porto, Tax associate Julia Melo and M&A associate Flavia Piras Lodi.
