Fonte: Latin Lawyer | Publicado em 19/05/2022 | Clique aqui e veja a publicação original
Brazil’s SAAM Towage has relied on Demarest Advogados to buy a large fleet of tugboats from local maritime services company Starnav for US$198 million.
Martinelli Advogados advised Starnav in the deal, which is subject to approval from Brazilian antitrust authority CADE.
The parties signed the agreement on 6 May.
Through the transaction, SAAM Towage will acquire 17 operational vessels for US$150 million and four tugboats currently under construction, worth US$48 million.
The new vessels will expand the towage group’s business in Brazil, where it now boasts one of the most competitive and modern fleets.
The Rio de Janeiro-based towage company is the local subsidiary of Chilean logistics company SAAM, which operates in 14 countries in North, Central and South America. SAAM Towage is stationed at over 80 ports in the Americas, completing more than 110,000 manoeuvres for 37,000 vessels every year.
Counsel to SAAM
Partners Gabriel Ricardo Kuznietz, Milena Mundim, Paola Pugliese and Thereza Franco Montoro, and associates João Godoy and Pedro Sanglard
Counsel to Starnav
Partners Rodrigo Girolla and Fernando Nees, and associates Eirick Merlo, Fernando Maia, Louise Pedro Bom and Guilherme Heiderscheidts