Stocche Forbes and Lobo de Rizzo advised on the deal
The Brazilian competition regulator has approved DP World’s acquisition of Odebrecht’s 66.7% share in the Embraport terminal at the Port of Santos.
Following the purchase DP World will take full control of the 1.3 m teu terminal.
Embraport handled 645,000 teu in 2016, an 18% decline year-on-year, but reported an 18% increase in its market share.
DP World Limited, together with its subsidiaries, develops and manages international marine and inland terminal operations, maritime services, industrial parks and economic zones, logistics and ancillary services, and technology-driven trade solutions. It has a portfolio of 77 operating marine and inland terminals.
Odebrecht Transport S.A. develops, installs, operates, and participates stake in companies from the areas of urban mobility, highways, airports, and logistics Brazil and internationally.
Stocche Forbes advised DP World Brasil B.V. with Paulo L Casagrande (Picture) and Guilherme Forbes.
Lobo de Rizzo advised Odebrecht Transport S.A. with Valdo Cestari de Rizzo, Luciana Pietro Lorenzo, Natalia Silveira, Gisele Esteves Guedes and Marina Lissa Oda Horita.
Involved fees earner: Guilherme Forbes – Stocche Forbes Advogados; Paulo Casagrande – Stocche Forbes Advogados; Valdo Cestari de Rizzo – Lobo & de Rizzo; Luciana Pietro Lorenzo – Lobo & de Rizzo; Gisele Esteves Guedes – Lobo & de Rizzo; Natalia Salzedas Pinheiro da Silveira – Lobo & de Rizzo; Marina Lissa Oda Horita – Lobo & de Rizzo;