Mattos Filho advises Novonor and NSP on term sheet with Petrobras

Mattos Filho Advogados advised Novonor S.A. and NSP Investimentos S.A. in Term Sheet with Petrobras

Mattos Filho Advogados advised Novonor S.A. – In Judicial Recovery and NSP Investimentos S.A. – In Judicial Recovery in an agreement for the sale of up to 100% of the preferred shares that Novonor, NSP and Petrobras hold in Braskem, in a process to be conducted through a secondary public offering (“follow-on”). 

The terms of the agreement also include the request for Braskem to potentially migrate to the Novo Mercado segment of B3 S.A. – Brasil, Bolsa, Balcão and the negotiation of a new shareholders’ agreement between Novonor S.A. – In Judicial Recovery, NSP Investimentos S.A. – In Judicial Recovery and Petrobras, and after migration to the Novo Mercado segment, consummate the sale of the common shares issued by the company and held by those parties.

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados had the partners Moacir Zilbovicius (pictured left), Marcelo G. Ricupero (pictured center) and Caio Cossermelli (pictured right) and the associate Rodrigo Braga and Scylla de Moraes Barros Fucs involved in the transaction. 

Novonor’s lawyers who acted in house in the case: Rogerio Bautista da Nova Moreira and Laura Maniero Gadelho.