Femsa Comercio’s $135 Million Acquisition of 50% interest in Raízen Conveniências

TozziniFreire and Pinheiro Neto advised on the deal

Femsa Comercio, operating as a subsidiary of Femsa, executed a Joint Venture agreement with Raízen Combustíveis to develop discount in Brazil.

Femsa acquired a 50% stake in Raízen Conveniências for $135.6 million.

Femsa Comercio, S.A. de C.V was founded in 1985. The company’s line of business includes the retail sale of a range of canned foods and dry goods.

Shell Brasil Ltda. wholesales fuel and biofuel products. The Company provides sugarcane ethanol, petroleum refined derived fuels, jet fuel, and maritime vessel fuel. Shell serves commercial customers worldwide.

TozziniFreire advised Femsa Comercio, S.A. de C.V. with Maria Elisa Gualandi Verri (Picture), Francisco Eumene Machado de Oliveira Neto, Felipe Borges Lacerda Loiola and Verônica Belchior de Sousa Campos.

Pinheiro Neto advised Raízen Conveniência and Raízen Combustíveis with Fernando Alves Meira, Thaís Fontes Drumond, Ricardo Busana Galvão Bueno and Tiago Moreira Vieira Rocha.

Involved fees earner: Fernando Alves Meira – Pinheiro Neto; Thaís Fontes Drumond – Pinheiro Neto; Tiago Moreira Vieira Rocha – Pinheiro Neto; Verônica Belchior de Sousa Campos – Tozzini Freire ; Felipe Borges Lacerda Loiola – Tozzini Freire ; Francisco Eumene Machado de Oliveira Neto – Tozzini Freire ; Maria Elisa Gualandi Verri – Tozzini Freire ;

Law Firms: Pinheiro Neto; Tozzini Freire ;

Clients: Femsa Comercio S.A. de C.V.; RAÍZEN Combustíveis S.A.;

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Author: Ambrogio Visconti.