Veirano and Cascione act in debentures issue of Pão de Açúcar

Veirano Advogados advised Companhia Caminho Aéreo Pão de Açúcar (Bondinho) and Cascione Advogados advised Banco Itaú BBA S.A.; UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A

Veirano Advogados advised the issuer in the public offering of the 1st issue of debentures of Companhia Caminho Aéreo Pão de Açúcar (Bondinho), in the amount of R$100 million.

Cascione Advogados advised Banco Itaú BBA S.A., which was the Lead Coordinator – primary underwriter and UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A., the underwriter.

Bondinho is the centennial and historic cable car of Sugarloaf Mountain in the city of Rio de Janeiro, Brazil. It is also a tourist landmark that projected the name of Brazil abroad, being the first cable car installed in Brazil and the third in the world.

Bondinho brings together the famous cable car, as well as a tourist park with gastronomic options, shows and cultural events, formed by Morro da Urca and Pão de Açúcar, both connected by the cable car.

This is the first public offering of Bondinho in the local market, and the proceeds will be used to strengthen working capital.

Veirano Advogados advised Companhia Caminho Aéreo Pão de Açúcar and included partner Luiz Rafael de Vargas Maluf (pictured left), senior associate Bruno Zanardi, and associates Giovanna de Souza Fetter, Michele Cazemiro Cristofoli Santos.

Cascione Advogados advised Banco Itaú BBA S.A.; UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A. and relied on partner Gabriel Capella (pictured right) and associate Debora Galego.