Petrobras plans pipeline IPO for 2021

Petrobras plans pipeline IPO for 2021

Corporate & Sovereign Strategy Economy & Policy Equity Debt IPO M&A Project & Infrastructure Finance Energy Gas Brazil Latin America Pipelines

Brazil's state-owned oil company Petrobras could carry out an initial public offering (IPO) for several pipelines it operates in the Santos Basin by the third quarter of next year, CEO Roberto Castello Branco said Tuesday. Speaking during the company's annual investors day, Castello Branco said Petrobras is in discussions with its concession partners to create a midstream company to operate the pipelines and launch an IPO next year. "It is difficult to make a commitment when it will come to mark

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