Mauro Penteado, Felipe Camara

Machado Meyer and Lefosse on APM Terminals acquisition of EAS

Machado Meyer has advised APM Terminals, a subsidiary of AP Moller – Maersk, on the acquisition from Estaleiro Atlântico Sul – em Recuperação Judicial (EAS), wich was advised by Lefosse.

The transaction value for R$455 million, included all the shares issued by Atlântico Sul Empreendimentos, which will own, at closing, certain properties, licenses and assets located in the region of Suape (State of Pernambuco, Brazil), for the implementation of a new port terminal.

The transaction is part of the divestment made by EAS under its judicial recovery plan.

APM Terminals plans to invest more than R$2.6bn to develop and operate a container and general cargo terminal in the area. The facility is anticipated to be fully operational by the end of 2025. Operations at the terminal will commence with an initial capacity of 400,000 twenty-foot equivalent units (TEUs), representing an additional 55% capacity in the port complex. The terminal will add additional growth opportunities for Brazil’s north-east region. The increase in competition in the region will unlock value to exporters/importers and attract new cargo flows, helping the Port of Suape grow at a faster pace.
Furthermore, APM Terminals plans to adhere to its net zero greenhouse emissions goal in the design of the facility.

Machado Meyer advised APM Terminals and relied on led partner Mauro Penteado (pictured left). The partners Renata Oliveira and Tito Andrade were also involved on this transaction as well lawyers Carolina Mascarenhas, Caio Aranha Saffaro Vieira, Antonio Paulo Kubli Vieira, Erica Yamashita and Vagner Alves De Araujo.

Lefosse acted as counsel to Estaleiro Atlântico Sul (EAS) and relied on partner Felipe Camara (pictured right), Dante Zanotti and José Carlos Berardo; associates Nathalia Boucinhas, Bruno Auada, Douglas Fukuhara and Vinicius Barros.