Pinheiro Neto and Stocche Forbes acted on the sale of 49,9% of the capital stock of BRB Loterias e Participações, with the subsequent capital increase of the company by the company’s shareholders subscribed proportionally to the equity interests held by the two shareholders on the closing date. Seller will also be entitled to additional annual payments calculated based on the income of the JV company that exceeds agreed target projections. The transaction consists of the creation of the first state lottery in Brazil since the Supreme Court ended of the exclusivity of the Federal Government to explore these activities.
Pinheiro Neto Advogados advised BRB Loterias e Participações and relied on partners Fernando Mirandez Del Nero Gomes, Ricardo Levy, associates André Santa Ritta, Josué Poppi Carvalho and Gabriel Carvalho and legal assistant Amanda Blum Colloca.
Stocche Forbes advised SCG DF Holding and relied on partners Guilherme Forbes, Matheus Campos, Mariana Saragoça, Ana Paula Paschoalini, Renato Stanley, associates Arthur de Paula Lopes Almeida, Paulo Henrique Signori Pinese, Vinicius Cavarzani, Maria Clara Louzada Figueiredo, Guilherme Nunes and Vitor Jardim.