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Thursday, 27 June 2019 21:40

Pinheiro Neto acts for IMM Live on $20m share sale to Live Nation

Brazilian law firm Pinheiro Neto has advised live music promotion company IMM Live Ltda on its sale of shares to US-based events promoter Live Nation.

rihanna rock in rioThe deal involved the signing of a binding share purchase agreement between the two parties relating to sale of 20-per cent equity stake held by IMM Live in Rock World, the company that runs the Rock in Rio music festivals and owns all assets associated with the event. 

The transaction is valued at $20 million


The closing of the transaction is exclusively subject to Brazil’s competition watchdog CADE's approval.

Pinheiro Neto partner Joamir Müller Romiti Alves led the team advising IMM Live, which also comprised tax partner Flávio Veitzman and associates Élcio Aulicinio Borges and Paula Zugaib Destruti.