New York – November 4, 2005 – LAWFUEL – The Law News Network – Debevoise & Plimpton LLP represented Mitsui & Co., Ltd. in connection with the execution of a share purchase agreement with Global Petroleum & Gas Industry, L.L.C. (U.S.A.) for the purchase of Gás Participações Ltda. (Brazil) (“Gaspart”). Gaspart is a holding company that owns minority interests in seven local gas distribution companies (“LDCs”) located in seven states in Brazil. The seven LDCs account for nearly 20% of total gas distribution in Brazil. The total purchase price is approximately $250 million. The deal is expected to close early next year.
Mitsui & Co., Ltd. is a leading Japanese trading company. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington, D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team was led by partners Christopher Smeall and Maurizio Levi-Minzi and included tax partner Gary M. Friedman and associates Jeffrey E. Ross, Nicole G. Valentine and Karl Lee.