Marubeni gains full ownership of Brazilian grain export terminal

December 02, 2011 4:50 AM

Advogados e Consultores and Cardillo, Prado & Rossi Advogados have helped Japanese trading company Marubeni gain full ownership of Brazilian grain export terminal Terlogs Terminais Marítimos.

The deal, which is of undisclosed value and closed on 16 November, was conducted through the acquisition of Brazilian holding company Blue Empreendimentos e Participações, represented by Furtado Neto Advogados.

By acquiring Blue’s 74.5 per cent stake in Terlogs, Marubeni now has full ownership in the terminal, in which it has had a stake in since 2005.

The acquisition will enable the Japanese company to strengthen its worldwide grain network, and keep pace with the demand for Brazilian grain from China and Southeast Asia.

Machado Associados assisted Marubeni with M&A work, deciding on the acquisition structure and drafting and negotiating the agreements. Cardillo Prado & Rossi Advogados advised Marubeni on legal due diligence.

According to Machado Associados associate Luciana Felisbino, in addition to the demands of working with a new client, the most challenging feature of the transaction was “the time zone between Brazil and Japan, [because] an acquisition operation always requires the full time availability of the parties in order to speed the process and to promptly obtain the information necessary to conclude the deal.”

Counsel to Marubeni

Machado Associados - Advogados e Consultores

Partner Isabel Bertoletti and associates Luciana Felisbino, Mauro Takahashi Mori, Alessandra El Kobbi, Maressa Romera de Moraes and Iara Maria Silva de Sousa do Amaral.

Cardillo, Prado & Rossi Advogados

Partner Alessandro Orizzo

Counsel to Blue Empreendimentos e Participações

Furtado Neto Advogados

Partner Moysés Borges Furtado Neto, Derlayne Detroz and Fabio Soares Wuo

(Source: Latin Lawyer)

2 December 2011

Japan's Marubeni Corporation was until recently a preference shareholder of Aqualectra Curacao and a shareholder of Curacao Utilities Co (BOO). Marubeni is in the process of selling its shares in BOO and ending its activities on Curacao.