Petrobras offloads remaining stake in TAG pipeline

Petrobras offloads remaining stake in TAG pipeline

Corporate & Sovereign Strategy M&A Economy & Policy Europe Canada Brazil Latin America

Brazil's state-owned oil company Petrobras has agreed to sell its remaining 10% stake in natural gas pipeline operator Transportadora Associada de Gás (TAG) for BRL1.1 billion ($213 million) to French energy company Engie and Canadian pension plan Caisse de dépôt et placement du Québec (CDPQ). Petrobras said in a securities filing on Monday that it received BRL1 billion after taking into account the BRL110 million that it received as dividends in June. The state-owned company kept a minority sta

Already have an account?

Free trial

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

Free Trial