Pinheiro Neto advises Mubadala on Petrobras refinery purchase
The sale of RLAM to Mubadala was approved for US$ 1.65 billion
Several areas of Pinheiro Neto Advogados have advised MC Brazil Downstream Participações S.A. (Mubadala Group) in the purchase of Refinaria Landulpho Alves (RLAM), installed in Bahia.
Mubadala, an investment fund from the Arab Emirates, will take over the unit that produces oil products for US$ 1.65 billion.
If approved by regulators, this will be the first privatization of a refinery in a group of eight put up for sale by the company. The sale includes associated logistics assets.
The operation is subject to compliance with conditions precedent, such as approval by the Administrative Council for Economic Defense (Cade).
The Pinheiro Neto team that worked on the deal included Corporate partners Marcelo Viveiros de Moura, Joamir Muller Romiti Alves, Raphael Moraes Paciello, Funds partner Caio Carlos Cruz F. Silva. Antitrust partner Leonardo Rocha e Silva, Litigation partner Luis Claudio Furtado Faria, Tax partners Emir Nunes de Oliveira Neto, Flávio Veitzman, Energy partner José Roberto Oliva Junior, Litigation counsel Brigida Melo e Cruz Gama Filho, Environmental counsel Maria Cristina M. Gueorguiev. Corporate senior associate Rodrigo de Almeida Vieira, Carlos Mercante, Litigation senior associate Anna Carolina Guimarães. Tax senior associate Felipe Bernardelli de Azevedo, Labor senior associate Rodrigo Bottrel Pereira Tostes. Corporate associate Guillermo Zuma Hoorn, Elcio Aulicinio Borges, Camila Gargaglione Coelho and Carlos Tomaz Assunção Ribeiro. Litigation associates Erick Mateus Santos Faustino, Daniel Andrade de Souza, Vitor Chavantes Godoy da Costa and Tax associate Julia Mello L. M. de Carvalho.
Lefosse Advogados acted as legal counsel to Petrobras.
