Petrobras issues teaser for pipeline stake

Petrobras issues teaser for pipeline stake

M&A Corporate & Sovereign Strategy Debt Regulation Energy Brazil Latin America

Brazil's state-owned oil company Petrobras is pressing ahead with planned asset sales, despite the coronavirus outbreak and the continued fall in oil prices, issuing a teaser for its stake in a pipeline company and calling for binding offers for two oil fields in the Santos Basin. Petrobras owns 10% of Nova Transportadora do Sudeste (NTS), which operates a natural gas pipeline network in the states of Rio de Janeiro, Minas Gerais and São Paulo. Canadian investor Brookfield controls NTS with 82.4

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