T4U hired Veirano Advogados in São Paulo and Israeli law firm Meiter Liquornik Geva Leshem Tal in Tel Aviv. It is thought that Chiarottino e Nicoletti Advogados also advised Phoenix Towers, but this could not be confirmed before publication.
The deal closed on 15 June for an undisclosed amount, although the Brazilian press values T4U at US$130 million. PTI now owns 100 per cent of T4U’s shares.
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