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Petrobras sells its stakes in gas pipeline unit for $8.6 billion
April 8, 2019
Source: World Oil

Petrobras sells its stakes in gas pipeline unit for $8.6 billion

Petrobras has sold its 90% stakes in the gas pipeline to Engie SA and Caisse de Depot et Placement du Quebec for $8.6 billion. These companies survived multiple rounds of bidding for the unit which is known as TAG. Also, this is said to be the biggest-ever single asset sale for the company. TAG operates 4,500 km pipeline network which is spread across 10 states in northern Brazil.

   Read More About : Brazil Midstream Petrobras Pipelines
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