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Pinheiro Neto and Lefosse steer French cement investment in Brazil

Por: Latin LawyerImprimirVisualizar em PDF

Pinheiro Neto Advogados has helped French cement company Vicat acquire a 65% stake in Brazil's Ciplan.

Ciplan's owners, the Atalla family, relied on Lefosse Advogados.

The deal was announced on 5 October. Vicat carried out a 1.2 billion reais (US$330 million) capital increase to raise funds to pay for the target company's existing debts.

The Atalla family, which founded Ciplan 50 years ago, will retain the remaining stake in the company. Ciplan operates a 3.2 million metric tons cement plant in Brasília, nine ready-mix facilities and five quarries.

Counsel to Vicat
Pinheiro Neto Advogados

Partner Antonio José Mattos Morello and associates Joamir Müller Romiti Alves, Camila Otani Nishi, Élcio Aulicinio Borges and Otavio Bastos Moherdaui

Counsel to the Atalla family
Lefosse Advogados

Partners Luiz Octavio Lopes and Gustavo Paes, and associates Laura Affonso, Emmanuel Abrantes, Victor Boccardo and Fabiana Ukei

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