Brazilian firms advises Brazil Potash its public offering of shares

Cescon Barrieu and Tauil & Chequer Advogados in association with Mayer Brown advised Brazil Potash (which holds the entire share capital of Potássio do Brasil) on its public offering of shares, worth a total of USD 30 million (approximately R$ 180 million). Veirano Advogados was also involved at this deal.

The shares were listed on the NYSE American stock exchange in New York (USA) and were priced at US$ 15.00 each.

Brazil Potash’s IPO on the NYSE American raised US$ 30 million at a price of US$ 15.00 per share, attracting the market’s attention due to the offer’s connection with the potential for mineral exploration in the Amazon region, where the company intends to develop one of the world’s largest potash exploration projects in Autazes, Amazonas. Brazil Potash’s listing on the capital markets under the ticker “GRO” represents the first IPO of a company with operations in Brazil since December 2021.

Cescon Barrieu partners Mariana Rodrigues Machado Borges (pictured left), Daniel Laudisio and associates Daniel Mortati and Vinícius Mascarenhas.

Tauil & Chequer Advogados in association with Mayer Brown has been advising Brazil Potash on the structuring and operation of the project in Brazil and included partners Alexandre Chequer (pictued right), Luís Adams and Luiz Gustavo Bezerra.

Veirano Advogados advised Cantor Fitzgerald & Coand relied on partners Pedro Garcia (Mining), Ingrid Thomas Hessling (Capital Market), Antonio Albani (Mining), Levi Custodio Santos (Capital Market) and Beatriz Frontin (Environmental).

Greenberg Traurig was the firm’s lawyer in the United States;

Wildeboer Dellelce was the company’s Canadian lawyer;

Sidley Austin was the US lawyer for the underwriters and relied on Daniel O’Shea and Kostian Ciko.

Bennett Jones was the Canadian lawyer for the underwriters and had James Clare.