The foundation sold its 53.72% interest in the asset for BRL 22,610,000.00, with approval by its Deliberative Council.
Gotlib Rocha Advogados advised Desban, the BDMG pension foundation (Fundação BDMG de Seguridade Social), on the sale of the entirety of its interest in the Life Center Parking development in Belo Horizonte, corresponding to 53.72% of the car park, for BRL 22,610,000.00.
The transaction was approved by the foundation's Deliberative Council on 12 August 2026, and involved assets held by the BDMG Pension Benefit Plan.
Our work comprised the legal structuring of the sale and the drafting of the instruments, compliance and integrity diligence, and the conduct of negotiations, the public deed and closing.
The work was led by partners Renzo Gotlib, Felipe Hermanny and David Massara.
The terms of the transaction are set out in the material fact disclosed by Desban, available at desban.org.br.

This news item is for information purposes only and does not constitute legal advice on any specific matter. Information on the transaction reproduces data publicly disclosed by Desban. For guidance on particular situations, contact our team at contato@gotlibrocha.com.br.
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