Hogan Lovells guides placement agents in US$221 million PetroReconcavo IPO

São Paulo and New York, 12 May 2021 – Global law firm Hogan Lovells acted as international counsel to the placement agents in the US$221 million Initial Public Offering (IPO) of Brazilian oil company PetroReconcavo on the Brazilian Stock Exchange (B3). The placement agents were Morgan Stanley, Goldman Sachs, Itau BBA and Safra Securities.

The company will use part of the proceeds to pay for assets acquired from state-controlled oil company Petróleo Brasileiro S.A. PetroReconcavo also expects to use part of the proceeds for future acquisitions.

São Paulo Office Managing Partner Isabel Costa Carvalho led the Hogan Lovells team, with support from New York partner Sina Hekmat, and New York/ São Paulo counsel David Contreiras Tyler. They were assisted by São Paulo associates Arthur Amaral, Ana Laura Pongeluppi and Paula Pagani.


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