French, Japanese banks back Engie in TAG deal

French, Japanese banks back Engie in TAG deal

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French and Japanese banks are in talks to supply a dollar-denominated loan if Engie strikes a deal to buy the TAG natural gas pipeline from Petrobras, LatinFinance has heard. Mizuho, MUFG and SMBC from Japan have joined BNP Paribas, Crédit Agricole and Société Générale from France to arrange acquisition financing for the French utility company, according to sources involved in the negotiations. The local lenders Itaú BBA, Bradesco and Banco do Brasil are also in talks to supply a local-currenc

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