TAG pipeline sale edges closer

TAG pipeline sale edges closer

Brazil Bolivia M&A

Discussions over the sale of Petrobras’ Transportadora Associada de Gas (TAG) pipelines have progressed with strategic investors, LatinFinance understands. The state-owned company has not outlined how it will divest its TAG natural gas assets, but two sources in the M&A market said that a strategic sale is shaping up to be the most profitable option, owing to current market volatility. There are “many good assets” in Brazil right now and international buyers have the added benefit of depre

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