Tauil & Chequer Advogados advises BNDES on structuring the privatization of Ceasaminas

Tauil & Chequer Advogados in association with Mayer Brown advised BNDES on structuring the privatization of Ceasaminas, a mixed capital company of the Brazilian federal government, supervised by the Ministry of Agriculture, which operates in the commercialization of food items. Our firm’s role consisted in the evaluation and pricing of real estate assets, including conducting a survey, analysis, and structuring of the inventory, as well as an economic-financial evaluation.

The auction which will offer the supply centers to private investors has been scheduled for December 22. The minimum value of Ceasaminas' shares will be R$ 254 million (US$ 48 million), and as for the land assets, the minimum will be R$ 169 million (US$ 32 million). There will also be an opportunity to jointly acquire both assets, for a total value of R$ 423 million (US$ 80 million).

The team which coordinated the project was led by partner Bruno Werneck and included the participation of associates Juliana Deguirmendjian and Maria Cristina Oliveira, all from the Public Law and Infrastructure areas. The case also featured partner Ludmila Braga from the Real Estate practice, partner Mauro Pedroso and associate Mayara Rahman from the Civil Litigation area, and partner Celso Grisi and associate Giampaolo Marzulli from the Tax area.