Tauil & Chequer and CGM advises on the AVG Group issuance
Tauil & Chequer Advogados associated to Mayer Brown advised AVG Empreendimentos Minerários; CGM Advogados advised the underwriters on the public offering of the 1st issuance of commercial papers of AVG Empreendimentos Minerários (AVG Group).
The transaction value was BRL 150 million.
The AVG Group was founded in 1991 dedicated to the Steel and Mining activities and from 1993 onwards, it incorporated forestry management skills and charcoal production.
Focused on the areas of Steel and Mining, the AVG Group has projects dedicated to the production of pig iron and the extraction and processing of iron ore.
To complete its portfolio, the AVG Group also invested in the areas of energy generation with Small Hydroelectric Plants and in the automotive sector, with the representation of the Honda brand.
This is the second public offering of a company in the AVG Group in less than 3 months, being the first commercial papers issuance of AVG Empreendimentos Minerários in a public offering in local market, and the proceeds will be used for payment of previous debts, as well as working capital and investments in capital assets.
Tauil & Chequer Advogados associated to Mayer Brown advised AVG Empreendimentos Minerários and relied on partner Luis Montes (pictured left) and associate Wilson Min Young Jung.
CGM Advogados advised the underwriters Itaú BBA and Banco BMG and relied on partner Luiz Rafael de Vargas Maluf (pictured right); associates Luiz Gustavo Panizza Brandao Britts, Rafael Ferreira Monti.
