Petrobras names Engie PB for TAG sale

Petrobras names Engie PB for TAG sale

M&A Loans Project & Infrastructure Finance Gas Brazil

Petrobras has named French electric utility Engie its preferred bidder (PB) for the TAG pipeline network, four sources familiar with the sale confirmed. The pair are negotiating terms for the sale and purchase agreement as well as the shareholders' agreement and are expected to lay out a final draft by May 31. While Engie was picked as the PB ahead of two other bidding consortiums, the talks with Brazilian state-run Petrobras are not exclusive. Under rules established by the Brazilian federal

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial