Banks compete for TAG loans

Banks compete for TAG loans

M&A Loans Project & Infrastructure Finance Debt Corporate & Sovereign Strategy Economy & Policy Energy Gas Brazil Europe Canada

Local and international lenders are expected to offer competitive rates to finance the acquisition of the TAG natural gas pipeline in Brazil, sources told LatinFinance. "All the banks are going to their credit committees for approval at the moment," said a source close to the deal. "There will be very tough competition on pricing." Brazil's state-owned energy company Petrobras announced on Friday that the French utility company Engie and the Canadian pension plan Caisse de dépôt et placement du

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