Abengoa Brazil unit gets approval from creditors for restructuring plan


BMA – Barbosa, Müssnich, Aragão, Trench Rossi Watanabe and Veirano advised on the transaction

The Brazilian unit of Spanish energy and infrastructure group Abengoa SA secured approval from creditors for its in-court debt restructuring plan.

Abengoa has around$1.08 billion in debt with suppliers and banks in Brazil and has filed for court protection against creditors last year, after stopping several projects for lack of funding.

BMA – Barbosa, Müssnich, Aragão advised Abengoa Brasil with Rafael Dutra (Picture), Carlos Bingemer, Sérgio Savi and Thomaz Luiz Sant’Ana.

Trench Rossi Watanabe advised Deutsche Bank with Luis Ambrósio, Gledson Campos, Giuliana Schunck, Fausto Teixeira and Mariana Conrado.

Veirano advised Siemens with Pedro Aguiar de Freitas, Ricardo Henrique Safini Gama, Tiago Kummel Figueiró, Cassio Machado Cavalli and Eduardo Guimaraes Wanderley.

Involved fees earner: Luis Ambrósio – Trench, Rossi and Watanabe Advogados; Gledson Marques de Campos – Trench, Rossi and Watanabe Advogados; Giuliana Bonanno Schunck – Trench, Rossi and Watanabe Advogados; Rafael D’Avila Dutra – Barbosa, Müssnich & Aragào; Carlos Frederico Lucchetti Bingemer – Barbosa, Müssnich & Aragào; Sérgio Savi – Barbosa, Müssnich & Aragào; Thomaz Luiz Sant’ Ana – Barbosa, Müssnich & Aragào; Pedro Freitas – Veirano Advogados; Ricardo Gama – Veirano Advogados; Tiago Figueiró – Veirano Advogados; Cássio Cavalli – Veirano Advogados; Eduardo Guimarães Wanderley – Veirano Advogados;

Law Firms: Trench, Rossi and Watanabe Advogados; Barbosa, Müssnich & Aragào; Veirano Advogados;

Clients: Deutsche Bank; Siemens; Abengoa Brasil;

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Author: Ambrogio Visconti.