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Allen & Overy advises underwriters in Brazil’s largest share offering of 2022

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David Flechner

Partner

New York

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Débora Terra

International Associate

New York

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David Birch

Associate

São Paulo

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15 February 2022

A&O acted as counsel to the underwriters and agents of Brazilian food processor BRF S.A.’s (BRF) issuance of 270 million new common shares, representing the country’s biggest share offering this year.

With more than 30 brands in its portfolio, BRF is one of the largest food companies in the world. The global offering of 270m common shares, which includes common shares represented by American Depositary Shares (ADS), consisted of an international offering of common shares outside Brazil (including in the U.S.) and a concurrent restricted public share offering in Brazil. The offering priced at BRL20.00 per common share and USD3.79 per ADS.

New York-based partner David Flechner said, “We are proud to leverage the strength of our cross-border capital markets team to advise our clients on this monumental transaction in Brazil. We look forward to continue guiding our clients through complex equity offerings in the region.”

A&O’s Latin America Capital Markets team was led by partner David Flechner with associate Brinkley Rowe and international associate in Debora Terra in New York, and associate David Birch in São Paulo.

For further information, please contact Molly Nagel in New York at pro-a&o@prosek.com.